Salik Company PJSC, Dubai’s exclusive toll gate operator, saw 238.5 million vehicles pass through its eight toll gates from January to June this year, resulting in Dh1.1 billion half-year revenue, up by 4.9 per cent from the same period last year.
Revenue from toll usage, comprising 87.1 of total revenue, rose by 4.9 year-on-year to 953.8 million. During the first half of 2024, Salik reported EBITDA of Dh738.4 million, up 6.5 per cent year-on-year, and profit before tax of Dh598.6 million, up 9.2 per cent year-on-year.
Salik generated net profit after tax of Dh544.8 million during the same period. In view of the strong financial results, the company announced the distribution of interim cash dividends amounting to Dh544.8 million, equivalent to 7.263 fils per share, payable on September 5 this year.
More to follow