Dubai Taxi Reports AED1.09 billion Revenue in H1 2024

Dubai Taxi Company on Tuesday released cheerful financial results for the six-month period ending June 30, 2024. Revenues surged by a massive 14 percent year-on-year to AED 1.09 billion during this period.

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The core taxi segment witnessed robust growth, with revenues of AED 939.0 million that marked an increase of 12% year-on-year.

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Its taxis and limousines together covered 23 million trips during the first half of 2024, which represented a 4% year-over-year increase.

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Its bus segment did outstandingly well and posted a 26% year-on-year revenue growth to AED 72.0 million, due to the successful expansion and improved services provided.

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Its Board of Directors has further adopted a dividend payout of AED 159.3 million for the first half of 2024 in support of its attractive dividend policy.

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