Tag: AMEAA

Arabian Business reported that Serco, the UK based operator of the Dubai Metro expected revenues to increase to about USD 8 billion by the end of 2012 on the back of strong global demand for its services. Serco said that operating profit margins are forecast to rise to 6.3% by the end of 2012. The strong performance has been driven by high levels of operational delivery, continued organic growth and good free cash flow. Our financial position remains strong.

Serco, who manage and operate the network on behalf of the Roads and Transport Authority (RTA), added that it estimates that 40m passengers will use the service this year. Currently, around 120,000 passengers use the network, which opened in September last year.