
Dubai Electricity and Water Authority (DEWA) reported Thursday a quarterly revenue of AED7.01 billion ($1.9 billion) and a net profit of AED2.61 billion ($710 million) in its second quarter 2022 financial results. For the first half 2022, DEWA's revenue is AED12.08 billion, and net profit is AED3.30 billion.
DEWA's first half revenue increase of 15 percent to AED12.08 billion was mainly driven by an increase in demand. Energy demand in Dubai during the first half of 2022 increased by 6.3 percent compared to the same period in 2021.