Dewa 2009 income down 1.7%

27 April 2010

Dubai Electricity and Water Authority (Dewa) has said that its total comprehensive income in 2009 fell 1.7% to Dhs4.16bn ($1.13bn) from Dhs4.24bn in the previous year, as finance costs surged, Bloomberg has reported. Revenue rose 11% to Dhs10.3bn, while net finance costs more than doubled to Dhs1.04bn from Dhs460.2m, the state-owned utility said.

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