Dubai toll-gate firm Salik powers up with Dh255m net profit on higher usage and new sign-ups

Dubai toll-gate firm Salik powers up with Dh255m net profit on higher usage and new sign-ups

More vehicles passing through Salik's eight toll-gates in Dubai is adding up nicely to the financials.

Image Credit: Bloomberg







Dubai: The Dubai toll-gate company Salik turned in Dh255 million as net profit for Q3, with higher usage and subscribers fueling a 5.3 per cent year-on-year growth.



The operator says numbers for the full-year remain on course, and expects underlying revenue-generating trips to grow 9-10 per cent compared to 2022 and with an EBITDA margin in the range of 66-67 per cent. Salik currently operates 8 toll-gates in Dubai.







During July to September, Salik's revenue came to Dh508.8 million with 110.8 million revenue-generating trips. Toll usage revenue - making up 87.1 per cent of the total - increased 14.6 per cent year-on-year - and the 'highest third quarter' performance since Salik launched in 2007.



All this, of course, helped by Dubai 'remaining an attractive destination both for visitors and people relocating to the city'.





Strong and sustained momentum in the third quarter is also evidence that Dubai’s focus on expanding the economy, particularly focusing on population growth and maintaining the Emirate’s attractiveness to tourists, is bearing fruit





- Mattar Al Tayer,