Dubai Electricity and Water Authority (PJSC) Third Quarter 2024 Earnings: In Line With Expectations

Dubai Electricity and Water Authority (PJSC) (DFM:DEWA) Third Quarter 2024 Results

Key Financial Results

• Revenue: د.إ9.87b (up 4.8% from 3Q 2023).
• Net income: د.إ2.86b (down 14% from 3Q 2023).
• Profit margin: 29% (down from 35% in 3Q 2023). The decrease in margin was driven by higher expenses.
• EPS: د.إ0.057 (down from د.إ0.067 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Dubai Electricity and Water Authority (PJSC) Meets Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations.

Looking ahead, revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Integrated Utilities industry in Asia.

Performance of the market in United Arab Emirates.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

We should say that we've discovered 1 warning sign for Dubai Electricity and Water Authority (PJSC) that you should be aware of before investing here.

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