242 million dirhams, net profit of "Salik" in the third quarter

The company has achieved a strong operational performance that reflects a recovery in the economy and a growth in traffic.

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Salik achieved a net profit of 242 million dirhams in the third quarter of this year, at a rate of 0.03 dirhams per share, while it recorded an increase in revenues by 9.1%, compared to the third quarter of last year, to reach 445 million dirhams, as a result of operational performance. strong, which reflects a recovery in the economic movement and a growth in traffic.

The company's profit before financing, taxes, depreciation and amortization costs amounted to AED 291 million, with a profit margin of 65.4%.

During its meeting chaired by the Chairman of the Board, Mattar Al Tayer, the Salik Board of Directors approved the interim, summary financial results for the three-month and nine-month periods ending on September 30, 2022, which are the first financial results to be issued as an independent company after its listing on the Dubai Financial Market.

Al Tayer said: "We have a positive outlook, as we are in a strong position to benefit from Dubai's ambitious expansion plans and the natural growth initiatives of our business, and we have great confidence in the company's capabilities to provide added value to all shareholders in the long term."

For his part, CEO of Salik, Ibrahim Sultan Al-Haddad, said, "The financial performance indicators for the third quarter of 2022 confirm the strength and solidity of the company's unique business model, as it is the exclusive operator of the eight toll gates in the Emirate of Dubai."

9.1%

An increase in Salik's revenues to reach 445 million dirhams.

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