Emirates Driving Company PJSC (EDC), a publicly-listed company on the Abu Dhabi Securities Exchange (ADX), announced a 20.39 per cent increase in its net profits to reach Dh126.76 million in 2020, compared to Dh105.29 million recorded in 2019 despite COVID-19 pandemic that affected by businesses and economies across the world.
The company’s revenues increased 14.11 per cent to Dh261.44 million in 2020, compared to Dh229.11 million in revenues in 2019. Earnings per share increased to 1.41 in 2020 compared to 1.17 in 2019.
Emirates Driving Co has successfully trained and qualified approximately 55,000 applicants for driving license in the COVID-19 pandemic-hit 2020.
“Our strong financial performance witnesses the resilience of our business and reflects strong macro-economic fundamentals. With strong financial flow, we are confident of a strong growth in 2021 – a year in which we plan to expand our business in order to provide our services to a larger segment of customers,”
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Some listed UAE companies still turned in revenue and profit growth
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Dubai: Six injured in 5 road accidents over 48 hours
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Dubai: Six injured in 5 road accidents over 48 hours
Supplied photo
A vehicle hit an e-scooter rider, who was in an undesignated zone.
Six people were injured in five road accidents in Dubai in the last 48 hours, the emirate’s police said on Thursday.
Most of the accidents happened because of traffic violations, including speeding, swerving and distracted driver, said Brigadier Saif Muhair Al Mazrouei, director of the Dubai Traffic Police.
“The first accident was reported on an internal road in Al Quoz Industrial Area in front of the Emirates Driving Institute. A light vehicle collided with an e-scooter rider who was riding in an undesignated zone,” Brig Al Mazrouei said. The biker was seriously injured and was rushed to a hospital.