Dubai Taxi Co. Reports Strong Revenue Growth in Jan-Mar 2024

The Dubai Taxi Company had excellent growth in income and profitability for the January to March quarter, with the fleet operator seeing strong gains in passenger contracts.

Profit after taxes increased to almost Dh108 million from Dh94 million the previous year.

This came from a Dh558.35 million revenue base, a significant increase above Dh480.49 million from a year ago. This is the DTC income that is produced by “contracts with customers.”

During the quarter, 12 million journeys were made by its taxis and limousines, an 8 percent increase over the same period last year.

Revenues from the main taxi services climbed by 15% on an annual basis due to a combination of longer and more frequent journeys.