Page 43 - SALIK PR REPORT FEBRUARY 2024
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2/9/24, 12:10 PM Dubai's toll operator Salik's FY net profit drops 17% despite revenue jump
Salik Company PJSC successfully completes bookbuild for IPO raising over $1bn. Source: Salik
Dubai's toll operator Salik's FY net profit drops
17% despite revenue jump
Revenue increased 11% as trips through the gates rose 12%
Brinda Darasha, ZAWYA
February 8, 2024
Dubai's toll operator Salik has posted a full year 2023 net profit of 1.09 billion dirhams ($297 million),
17% lower year-on-year (YoY) despite a jump in the number of revenue generating trips taken
through its gates.
The net profit came in slightly below analysts’ mean estimate of AED1.11 billion, according to LSEG
data.
Revenue increased 11% to AED2.11 billion as toll usage increased amid a growth in traffic, the
company said in a regulatory filing on DFM on Thursday. The number of revenue generating trips
through the Salik gates across the emirate rose 12% to 461 million.
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