Emirates Driving Company posts 20.3 per cent increase in profit
The company’s revenues increased 14.11 per cent to Dh261.44 million
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,” said Khaled Al Shemeili - Acting CEO of Emirates Driving Company.