Abu Dhabi – Mubasher: National Marine Dredging Company (NMDC) logged a consolidated net profit of AED 641.06 million in the first quarter (Q1) of 2024, a surge from AED 303.32 million in the same period a year earlier.

Revenues from contracts with customers soared to AED 5.34 billion in Q1-24 from AED 3.20 billion in Q1-23, according to an unaudited financial statement.

The basic and diluted earnings per share (EPS) attributable to equity holders recorded AED 0.78 in the three-month period that ended on 31 March 2024, up from AED 0.37 in the comparative period of 2023.

NMDC recorded a net profit of AED 2.15 billion in 2023, up from AED 1.30 billion the year before.