UAE .. Easy shares is not rising to the highest price in two months

The “Easy Les” share of the motorcycle rental and traded on the Abu Dhabi Stock Exchange increased by 6.35% at the end of Thursday’s session, to circulate at the price of 27.87 dirhams per share, achieving the highest price per share of two months.

The trading on Easy’s share was not at that time through 487.69 thousand shares with a value of trading 13.59 million dirhams.

The highest price of the share at that time was at 29.14 dirhams, while the lowest price was at 27.22 dirhams.

The company recorded profits of 8.4 million dirhams during the first quarter of 2025, compared to 8.6 million dirhams in the same period in 2024, which reflects a slight decrease in profits.

The company explained that the public and administrative expenses witnessed an increase of 37% to 22.9 million dirhams, compared to 16.7 million dirhams in the first quarter of 2024. The financing costs increased significantly to 5.7 million dirhams, compared to 1.8 million dirhams during the same period of the previous year.

In terms of annual performance, the company made profits of 29.1 million dirhams at the end of 2024, recording a 6% decline compared to profits in 2023, which amounted to 31 million dirhams.

The public and administrative expenses increased during the year 2024 by 58% to 78.3 million dirhams, compared to 49.6 million dirhams in 2023. In addition, the financing costs increased to 13.3 million dirhams, compared to 3.4 million dirhams during the previous year, which contributed to pressure on net profits.

Easy La Motor Cycillary Rental (Easy Les) is known as a private joint stock company working in the field of commercial services.