Page 236 - SALIK PR REPORT AUGUST 2024

8/15/24, 9:42 AM Dubai: Salik reports $149 million in net profit during first half of 2024 - Construction Week Online
Dubai: Salik reports $149 million in net profit

during first half of 2024

Salik delivered a very healthy financial performance in H1 2024, registering 238.5 million revenue-generating
trips which increased by 4.9% YoY

by Staff Writer August 14, 2024 09:37 AM GST SHARE

The Board of Directors of Salik Company, Dubai’s sole tollgate operator,
chaired by Mattar Al Tayer, announced the company’s financial results for
Q2 and H1 2024.

Salik achieved a net profit after tax of $148.5 million (AED544.8 million) for the first
half of 2024.

Salik’s financial performance in the first half of 2024 was strong, with 238.5 million
revenue-generating trips, marking a 4.9% year-on-year increase and bringing total
revenue to $299.7 million (AED1.1 billion).

Revenue from toll usage, which made up 87.1% of total revenue, grew by 4.9% year-on-
year to $259.8 million (AED953.8 million). The company reported an EBITDA of
$201.2 million (AED738.4 million), up 6.5% year-on-year, and a profit before tax of
$163.1 million (AED598.6 million), up 9.2% year-on-year.

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