Easy Lease Motorcycle Rental PJSC

Easy Lease Motorcycle Rental PSC has scheduled a Board of Directors meeting for Wednesday, July 24, 2024, at 4:00 PM via Microsoft Teams. The agenda includes approving the financial statements for the period ending June 30, 2024, and discussing other business matters.

EasyLease, a mobility solution provider and subsidiary of International Holdings Company, has reported significant financial growth in Q1 2024, with a 38.6% increase in revenue to AED 97.36 million and operational profit of AED 19.55 million, more than double the previous year. Net profits after tax also increased to AED 13.01 million, up from AED 5.50 million in Q1 2023. The company's total assets grew to AED 458.53 million. EasyLease also acquired a 60% stake in United Trans, a subsidiary of the Alserkal Group of Companies, marking a significant expansion into rail and transportation technology solutions. The company attributes its growth to strategic foresight, operational excellence, and investments made in 2022 and 2023.

EasyLease, a subsidiary of International Holdings Company, reported a significant financial growth in Q1 2024 with a revenue increase of 38.6% to AED 97.36 million compared to Q1 2023, and operational profit of AED 19.55 million, more than double from the same period last year. Net profits after tax also increased significantly to AED 13.01 million from AED 5.50 million in Q1 2023. The company's total assets were reported at AED 458.53 million as of March 31, 2024, up from AED 376.21 million at the start of the year. Additionally, EasyLease acquired a 60% stake in United Trans, a subsidiary of the Alserkal Group of Companies, marking a significant expansion into rail and transportation technology solutions.

The CEO of Easy Lease Motor Cycle Rental, Ahmad Mohammad Al Sadah, reported strong performance for the three months ending 31st March 2024. The company's operational profit reached AED 19.55 million, a significant increase from AED 9.24 million in the same period of 2023. Net profit after tax was AED 13.01 million, compared to AED 5.50 million in the corresponding period of 2023. The company's revenue was AED 97.36 million, up from AED 70.20 million in Q1 2023. Total assets amounted to AED 458.10 million as at 31st March 2024, compared to AED 376.21 million at the start of the year. Sales revenue for the period was AED 97.36 million compared to AED 70.20 million for the same period in 2023. General and administrative expenses amounted to AED 16.74 million, compared to AED 11.35 million for the same period in 2023.

Easy Lease Motor Cycle Rental PJSC has released its audited financial statement for the period ending on 31st March 2024. The statement shows an increase in both total non-current and current assets compared to the previous period ending in December 2023. Total non-current assets rose from 232,260 to 245,020, while total current assets increased from 143,947 to 213,075. Total current liabilities decreased from 131,320 to 123,796, whereas total non-current liabilities increased from 50,600 to 125,931. Shareholder's equity also increased from 194,287 to 208,368. The income statement showed a rise in total revenue from 70,202 to 97,357 and an increase in net profit from 5,499 to 13,007. Earnings per share also increased from 0.15 to 0.29. The CEO of the company is Ahmad Mohammad Al Sadah.

The Easy Lease Motor Cycle Rental PSC Board of Directors held a meeting on April 26, 2024. All board members were present via video conference. The board approved the financial statements for the period ending on March 31, 2024, and discussed general business matters related to the company's activities. The meeting was led by CEO Ahmad Mohammad Al Sadah. The company's contact information includes a telephone number, fax number, P.O. Box address in Dubai, and an email address.

The Easy Lease Motorcycle Rental PSC Board of Directors will hold a meeting on April 26, 2024, at 3:30 PM via Microsoft Teams. The agenda includes the approval of the financial statements for the period ending 31 March 2024 and discussion on other business matters. The information was communicated to the Market Operations Surveillance Department at the Abu Dhabi Securities Exchange.

EasyLease, a subsidiary of the International Holding Company, has acquired a 60% stake in United Trans, a leading rail and transportation technology solutions provider and a subsidiary of Alserkal Group of Companies. This strategic acquisition is part of EasyLease's expansion plan into railways and smart mobility, aiming to reinforce its regional mobility leadership and expand its service portfolio. The move will enable EasyLease to deliver enhanced mobility solutions to customers across the GCC and the broader MENA region. United Trans, established in 2008, has been a key player in the regional transport sector, with a strong presence in the railway and smart mobility sectors.