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11/14/24, 2:01 PM Salik Registers 8.8% Rise In Q3 Profit To $75.5M On Solid Growth In Road Traffic
Transport & Logistics
Salik Registers 8.8% Rise In Third-Quarter Profit To $75.5M On
Solid Growth In Road Traffic
By Julian Nabil Forbes Middle East Staff Nov 13, 2024, 12:04 PM
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Salik currently operates eight toll gates located at strategic junctures, especially on Sheikh Zayed Road. Image by WAM.
Dubai's road toll operator Salik has posted an 8.8% rise in its net profit to $75.5 million (AED 277.3
million) in the third quarter of 2024, from $69.4 million (AED 254.8 million) for the year-ago
period, driven by robust growth in road traffic in the emirate.
Financial results
The net profit came above analysts' mean estimate of $74.4 million (AED 273.2 million),
according to LSEG data.
Revenue reached $148.7 million (AED 546.1 million) in the July-September period of 2024,
from $138.5 million (AED 508.8 million) in the same period a year ago.
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