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Market: Abu Dhabi Symbol: DRIVE ISIN: AEE000601014 Industry: Consumer Discretionary
Established in 2000, Emirates Driving Company or EDC is the foremost drivers training and road safety institute in Abu Dhabi. EDC is a public joint company partially owned by the government of Abu Dhabi.
From the outset, EDC formed a partnership with Swedish Road Authority (SWEROAD) to implement the best practices in drivers training and road safety education in the emirate.
The Company sets a Quality Management system to fulfil the ISO 9001- 2015 requirements which is certified in 2007 and the OHSAS 18001-2007 in 2013.
Share data 24/06/2022
Currency AED Volume 191,563
Previous Close 19.92 Number of Shares (mil) 89.79
Change (%) -0.20 Market Cap (mil) 1,788.55
Key figures (AED’000) 2019 2020 2021
Income statement      
Revenue 209,338 240,964 260,090
Gross profit 165,757 196,049 211,764
Profit for the year 105,678 128,016 168,003
Balance sheet      
Total assets 796,493 812,513 911,649
Total equity 702,782 724,622 805,542
Total liabilities 93,711 87,891 106,107
Cash flow      
Net cash generated from operating activities 144,280 155,999 187,812
Net cash used in investing activities 4,075 68,440 -104,559
Net cash from used in financing activities -76,711 -94,843 -93,430
Cash and cash equivalents at 31 December 153,712 283,308 273,131
Key indicators      
Basic and diluted earnings per share (AED) 1.168 1.397 1.871