Sat 21-10-2023 11:56 AM
ABU DHABI, 21st October, 2023 (WAM) – EasyLease, the mobility solution company, a subsidiary of Abu Dhabi-based International Holdings Company, has released its financial for the third quarter ended September 30, 2023, reporting AED 211.79 million in revenue, with 35.6% YoY increase over Q3 2022, While the company’s net profit stood at AED 26.5 million, compared to AED 32.73 million for the same period in 2022, as the company continues to invest in its long-term business expansion plan.
“We maintain an unwavering commitment to investment in geographical expansion, fortifying our presence, and aggressively pursuing greater market share in local and regional markets.” Said Ahmad Al Sadah, CEO of EasyLease.
The regional mobility solutions industry is witnessing a fundamental shift towards innovative smart mobility options that can go a long way in slashing its carbon footprint. Motorcycles have a great potential to do their part for sectoral emission reduction through a variety of measures – from electrification to improving fuel economy. Their favorable attributes, such as cost-effectiveness, exceptional maneuverability, and expedited travel, are driving the popularity of two-wheelers in the UAE’s and in the GCC mobility market, especially in the last-mile delivery space.
“While our new investments may have affected some of our quarterly figures, we view it as a transient impact and remain steadfast in our commitment to long-term sustainability and the realization of our ambitious objectives laid out in our 2025 strategic plan.” Al Sadah explained.
Tariq Al Fahaam