The net profits of “Parken” surged by 50% in the third quarter of this year, reaching 157 million dirhams, with earnings before interest, taxes, depreciation, and amortization amounting to approximately 199.8 million dirhams, reflecting a 36% increase.
The company reported total revenues of 343.3 million dirhams during the third quarter, marking a 43% rise, which underscores its record performance, robust results, and rapid growth.
“Parken” added around 11,700 new parking spots across its facilities, showing a 6% increase, while the total number of parking transactions reached 34.1 million, a slight uptick of 0.4%.
The public parking usage rate was recorded at 21.3%, representing a modest decline of about 5.1 percentage points, with sales of seasonal public parking permits hitting 81,000 cards, a significant increase of 126%.