Abu Dhabi, UAE – EasyLease, the mobility solution company, has reported AED 139 million ($37.8 million) in revenue, a significant 37.5 percent year-on-year (YoY) increase over H1 2022, while the company’s gross profit increased by 18 percent YoY to reach AED 36.8 million ($10 million).
A subsidiary of Abu Dhabi-based International Holdings Company (IHC), EasyLease has recently reaffirmed its 2023 guidance and concurrently adjusted its growth outlook for the UAE, Saudi, and Bahraini markets, from 37.5 percent to 66 percent.
The company registered a net profit of AED 16.3 million ($4.4 million), compared to AED 22.2 million ($6 million) in the previous corresponding period, driven by the company’s strategic focus on expanding investments in the development and deployment of new mobility solutions which aligns with its long-term growth plan projections.
“Our first-half performance reinforces our commitment to long-term sustainability and our capacity to achieve the ambitious objectives outlined in our forward 2025 plan,” said Matar Suhail Ali Al Yabhouni, Chairman of EasyLease.
EasyLease is ramping up investments in cutting-edge technology and bolstering its infrastructure to expand its market presence throughout the region. Automated solutions are being implemented to enhance the operational efficiency of the company’s clients. There is an emphasis on exploring innovative solutions like autonomous vehicles and drone deliveries to optimize last-mile delivery processes, ensuring greater speed and effectiveness.
