Page 346 - SALIK ENGLISH PR REPORT NOVEMBER 2024
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11/14/24, 2:02 PM Salik upgrades revenue guidance after record third quarter - Arabian Business: Latest News on the Middle East, Real Estate, Fina…
profit after tax of AED 822 million ($223.83 million) during the same period, with third-
quarter profit after tax increasing 8.8 per cent YoY to AED 277.3 million ($75.5 million).
Salik’s solid balance sheet
In what was the highest third-quarter performance for revenue-generating trips since
inception, Salik earned AED 117.1 million ($31.9 million), up 5.7 per cent YoY. The total
number of trips, including discounted trips, made through Salik’s eight toll gates, grew 4.1
per cent YoY in the nine-month period, driven by Dubai’s continued attraction to tourists
and commercial activities. As a result, revenue-generating trips reached AED 355.6 million
($96.83 million) in the nine-month period, up 5.1 per cent.
Jebel Ali gate witnessed strong double-digit growth (approximately 16 per cent), and other
gates grew in the high-single-digit range, including Airport Tunnel (approximately 9 per
cent).
Mattar Al Tayer, Chairman of the Board of Directors of Salik, commented: “Our performance
in the first nine months of 2024 is a testament to our robust business model and
commitment to enhancing mobility in Dubai.
“We made further strategic progress in the third quarter, having officially launched our
parking partnership with Emaar to provide parking solutions at Dubai Mall, a key initiative
to diversify our revenue base that is already contributing positively to our financial
performance.
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