Dubai Taxi Board of Directors approved the distribution of dividends worth AED 159.3 million for the first half.
Dubai Taxi Corporation announced today that Strong financial results for the first half of the year, It recorded a significant increase in its revenues and profits, and the company witnessed a 14% growth in total revenues, reaching AED 1.09 billion, driven by increased demand. On its services.
The results also revealed a 27% increase in earnings before interest, taxes, depreciation and amortization, reaching AED 309.3 million. This strong growth reflects the success of the company’s strategies and strengthening its position in the Dubai transportation market.
The taxi sector witnessed a growth of 12%, with total revenues reaching AED 939 million.
The limousine sector also achieved a 6% increase, with revenues reaching AED 61.7 million, and the company succeeded in completing 23 million trips during the period, an increase of 4% compared to the previous year.
Dubai Taxi attributed this growth to several factors, including an increase in the number of vehicles, increased operational efficiency, and expansion of digital services.
His Excellency Abdul Mohsen Ibrahim Kalbat, Chairman of the Board of Directors of Dubai Taxi Corporation, confirmed that the Board of Directors approved the distribution of profits worth AED 159.3 million for the first half of the year, expressing his confidence in the future of the company.
