Dubai’s Parkin Q2 profit rises 12% to Dh166.2 million as fine revenue hits Dh107.5 million

Parkin reported a 12 per cent rise in second-quarter net profit to Dh166.2 million, supported by growth in seasonal cards, developer parking and enforcement revenues as the company continued to expand its parking portfolio across Dubai. Revenue for the three months increased 14 per cent to Dh364.1 million, while EBITDA rose 15 per cent to Dh217.2 million, with the EBITDA margin at 60 per cent.…