11 Feb 2013
(MENAFN) Dubai Electricity and Water Authority (DEWA) said it has achieved a 6 percent increase in its profits during 2012, Reuters reported.
The company attributed the improved results to higher revenues and a rise in cash generated from core operations.
The state-owned utility said it made USD1.27 billion net profit last year, up from USD1.2 billion realized in 2011.
Core operations generated USD2.04 billion in 2012, higher than USD2.01 billion in the previous year, while sales revenue increased 7 percent over 2011, the utility said.
Moreover, DEWA said that its net debt last year declined to USD5.61 billion, compared to USD6.23 billion in 2011.
DEWA plans to repay USD1.15 billion debt maturing this year.
27 Jan 2025
BBK offers customers with exclusive Tas’heel and Mazaya Finance to own their dream home
15 Jan 2025
BBK Signs Strategic Partnership with Bahrain Airport Company to Develop “Express Cargo Village”
08 Jan 2025
Bank of Bahrain and Kuwait and Global Payment Services Deliver the First Advanced Fraud Prevention Solution for Wallet Provisioning in the Kingdom of Bahrain
26 Dec 2024
BBK proudly supports “Celebrate Bahrain” as a gold sponsor in cooperation with BTEA
17 Nov 2024
BBK and Asia Jewellers announce exclusive offers to its customers at Jewellery Arabia 2024
12 Nov 2024
BBK partners with Durrat Al Bahrain to offer exclusive financing for Jawhart Al Marjan
05 Nov 2024
As part of its digital transformation journey, BBK adds Google Wallet to its range of digital wallets
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more