EasyLease, the leading Mobility Solution company and subsidiary of International Holding Company (IHC), has released its financial results for the first half of 2024, reporting Dh189.72 million in revenue, a notable 36.1% YoY increase compared to H1 2023, while operational profit increased by 67.3% YoY to reach Dh24.3 million during that same period.
The net profit for the first half of the year increased by 11.3% to Dh18.24 million from Dh16.38 million during the same period in 2023. This growth reflects the firm’s strategic investments in technology, infrastructure, market expansion, and new business lines related to mobility, which are essential for supporting long-term growth and ensuring EasyLease remains at the forefront of the evolving mobility landscape.
Simultaneously, the company’s total assets increased from Dh376.21 million at the start of the year to Dh478.98 million on June 30, 2024, demonstrating its strong financial standing and dedication to growing its market share and operational capabilities.
“Our outstanding half-year performance reflects the pace at which the EasyLease proposition is continuing to resonate with the UAE market,” says EasyLease Chairman Matar Suhail Ali Al Yabhouni. The outcomes further demonstrate the strength of our company, which will provide a strong foundation for achieving long-term sustainability and the accomplishment of our ambitious growth goals for the balance of 2024 and beyond.
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