Page 341 - SALIK ENGLISH PR REPORT NOVEMBER 2024

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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