{"id":61131,"date":"2024-07-27T10:56:16","date_gmt":"2024-07-27T06:56:16","guid":{"rendered":"https:\/\/blog.dubaicityguide.com\/site\/?p=61131"},"modified":"2024-07-27T10:56:16","modified_gmt":"2024-07-27T06:56:16","slug":"dubai-taxi-co-q2-net-profit-drops-14-revenue-rises","status":"publish","type":"post","link":"https:\/\/blog.dubaicityguide.com\/site\/dubai-taxi-co-q2-net-profit-drops-14-revenue-rises\/","title":{"rendered":"Dubai Taxi Co. Q2 Net Profit Drops 14%; Revenue Rises"},"content":{"rendered":"<p>Dubai Taxi Company (DTC) posted a Q2 net profit of 79.4 million dirhams ($21.6 million), 14% lower than in the year-ago period.<\/p>\n<p>The net profit missed analysts\u2019 mean estimate of AED 89.37 million, according to LSEG data.<\/p>\n<p>Revenue for the quarter came in at AED 531 million, up 12% year-on-year (YoY), a statement said.<\/p>\n<p>For H1 2024, the company made a net profit of AED 187.4 million, up 1% YoY, impacted by the introduction of corporate tax as well as finance costs, the company said.<\/p>\n<p>\u201cOur outlook is positive, supported by Dubai\u2019s continued success as a leading business and leisure destination, with strong macroeconomic tailwinds enabling population growth and urban expansion, which we see driving long-term, sustainable demand growth for our services,\u201d CEO Mansoor Rahma Alfalasi said.<\/p>\n<p>DTC\u2019s board has approved dividends of AED 159.3 million, amounting to 6.37 fils per share for H1 2024.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dubai Taxi Company (DTC) posted a Q2 net profit of 79.4 million dirhams ($21.6 million), 14% lower than in the year-ago period. The net profit missed analysts\u2019 mean estimate of AED 89.37 million, according to LSEG data. Revenue for the quarter came in at AED 531 million, up 12% year-on-year (YoY), a statement said. For [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":61132,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-61131","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/posts\/61131","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/comments?post=61131"}],"version-history":[{"count":1,"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/posts\/61131\/revisions"}],"predecessor-version":[{"id":61133,"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/posts\/61131\/revisions\/61133"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/media\/61132"}],"wp:attachment":[{"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/media?parent=61131"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/categories?post=61131"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/tags?post=61131"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}