Dubai Taxi Co.’s H1-2024 net profit feels weight of corporate tax, finance costs

DFM-listed entity approves sizeable dividend payout after H1-24 results

Dubai: DFM-listed Dubai Taxi Company. recorded Dh187.4 billion in H1-2024 net profit, a gain by 1 per cent, after factoring in costs related to corporate tax and those related to financing. 

If the tax impact was excluded, the profit gain would have been 11 per cent. And if interest cost related to Dubai Taxi Co.’s Dh1 billion loan – drawn in September 2023 – was factored out, the net profit spike would have been by an impressive 27 per cent on a like-for-like basis.