Dubai Taxi Company Shocks Shareholders with Massive Dh122.3 Million Dividend 

Dubai Taxi Company (DTC), listed on the Dubai Financial Market (DFM), has announced a Dh122.3 million dividend for its shareholders for 2024, reinforcing its commitment to distributing at least 85% of its annual net profit. This decision highlights the company’s strong financial standing and dedication to rewarding its investors. Financial Highlights In the first half of 2024, DTC reported a net profit of Dh187.4 million, a 1% increase compared to the previous year, after factoring in corporate tax and financing costs. Excluding the impact of corporate tax, the profit gain would have been 11%. Furthermore, if interest costs related to the Dh1 billion loan taken in September 2023 were excluded, the net profit would have surged by an impressive 27%. The company’s revenue grew by 14% year-on-year, reaching Dh1.09 billion. This increase was