Dubai's Parkin Company reported a 12% revenue increase, 42% EBITDA rise, and 7% net profit growth in Q2 2024.
Dubai's Parkin Company reported a 12% increase in revenue for Q2 2024, with EBITDA rising 42%. Parkin added 3,000 developer-owned parking spaces to its portfolio and experienced growth in public and developer parking segments, higher demand for seasonal permits, and improved public parking utilisation rates. The total number of paid parking spaces in Dubai reached 200,400, an increase of 3%. Parkin's net profit increased by 7% to AED 95.0 million, while EBITDA increased 42% in Q2 2024 to AED 134.0 million, representing a margin of 65%.
August 12, 2024
5 Articles