Page 79 - SALIK PR REPORT MAY 2024

5/14/24, 10:42 AM Dubai toll-gate firm Salik’s Q1 profit rises marginally to $75mln

Salik gate ahead: Highway traffic on Sheikh Zayed Road, Dubai, United Arab Emirates. Getty Images
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EARNINGS
Dubai toll-gate firm Salik’s Q1 profit rises marginally

to $75mln

Revenue-generating trips hit 122.8mln in Q1 2024

Staff Writer, ZAWYA

May 13, 2024

Dubai toll operator Salik reported a marginal increase of 0.7% year-on-year (YoY) in net profit to 277
million dirhams ($75.42 million) for the first quarter of 2024 following the implementation of the 9%

corporate tax.

The company posted an annual growth of 10%, or AED 304.5 million, in net profit before taxes.

Revenue rose 8% YoY to AED 562 million, driven by growth in the number of trips.

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