Dubai - Mubasher: The Dubai Electricity and Water Authority (DEWA) has reported a surge in its net profits attributable to the Dubai government to AED 6.12 billion in 2021, compared to AED 5.09 billion in 2020, according to the company's consolidated financials for the year ended 31 December 2021.

The company generated revenues of AED 23.82 billion in 2021, up from AED 22.46 billion in the earlier year.

The basic and diluted earnings per share (EPS) settled at AED 0.12 last year, versus AED 0.10 in 2020.

On Tuesday, 12 April, DEWA started trading on the Dubai Financial Market (DFM), becoming the largest company on the exchange by market capitalisation.