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National Marine Dredging profits grow 21.7% in 2018

National Marine Dredging profits grow 21.7% in 2018
National Marine Dredging Company
NMDC
NMDC
3.13% 3.30 0.10

Abu Dhabi – Mubasher: National Marine Dredging Company (NMDC) on Thursday posted a 21.7% year-on-year surge in its net profits for the financial year 2018.

NMDC generated AED 123.088 million in net profits last year, compared with AED 101.132 million recorded by the end of 2017, according to a filing published on Abu Dhabi Securities Exchange (ADX).

In addition, revenues totalled AED 1.53 billion in 2018, rising 8% from AED 1.41 billion in the preceding year.

National Marine previously reported that its profits soared 106.2% to AED 46.4 million in the third quarter of 2018, from AED 22.5 million the same quarter of the previous year, while its nine-month profits jumped 131% year to AED 56.7 million from 24.5 million a year ago.