Abu Dhabi – Mubasher: The net earnings of the National Marine Dredging Company (NMDC) leapt by 95% in 2020 on a year-on-year (YoY) basis.

Profits of the ADX-listed firm netted AED 351.8 million last year, compared with AED 180.8 million a year earlier, according to a stock exchange statement.

In the meantime, the company’s revenue hiked by about 34% annually to reach AED 3.78 billion in 2020.

During the fourth quarter (Q4) of 2020, the profits totalled AED 209 million, compared with AED 64.5 million in Q4-19.