Business
PARKIN: Q3 2024 delivered 25% revenue growth and a 61% EBITDA margin, with strong cash generation
PARKIN: Q3 2024 delivered 25% revenue growth and a 61% EBITDA margin, with strong cash generation
About this update from Parkin Co. Pjsc
Q3 2024 saw revenue up 25%, EBITDA up 40%, and net profit up 5% year-over-year, driven by strong public and developer parking growth, high digital payment adoption, and operational efficiencies. Net debt stood at AED 660.1m, with robust liquidity and a 61% EBITDA margin.Original document: This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.