Abu Dhabi – Mubasher: National Marine Dredging Company (NMDC) achieved a 22% year-on-year (YoY) increase in net profit to AED 784 million in the first quarter (Q1) of 2025, compared to AED 641 million.
Revenues hiked by 16% YoY to AED 6.20 billion in the first three months (3M) of 2025, according to the financial results.
Earnings per share (EPS) amounted to AED 0.87, while the total assets hit AED 32.7 billion at the end of March 2025. By the end of the quarter, the group’s backlog stood at AED 75.40 billion.
As of 31 December 2024, NMDC’s net profits after tax increased by 44% to AED 3.10 billion from AED 2.15 billion.
