Abu Dhabi – Mubasher: National Marine Dredging Co. (NMDC) reported turning to profits in the first half of 2015 with AED 67 million ($18.24 million), against a net loss of AED 155 million ($42.2 million) in the same period in 2014, according to a filing to the Abu Dhabi Securities Exchange (ADX) on Monday.

NMDC posted a net profit of AED 44.8 million in Q2-15, against a net loss of AED 117.4 million in the corresponding period of last year.

The dredging firm previously posted a net profit of AED 22.2 million in Q1, against AED 37.55 million losses in Q1-14.