18 Hrs
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الاقتصادية
BenParker Q2 profits rise 12% to 166.2M AED
Parkken Company recorded strong performance in the second quarter of 2026, with revenues increasing by 14% to AED 364.1 million, and net profits rising by 12% to AED 166.2 million. The growth was driven by an increase in revenues from seasonal parking cards, developer parking, and control services. The company also expanded its portfolio to include approximately 268,000 parking spaces, adding 9,900 new spots during the first half of the year. Despite a decline in demand for public parking, the company continued its expansion strategy, expecting continued growth in revenues and profits for 2026. Dividend payments are scheduled to be semi-annual, with projections to add between 3,500 and 5,000 new parking spaces this year.
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