Abu Dhabi – Mubasher: National Marine Dredging Company (NMDC) posted net profits valued at AED 1.46 billion in the first half (H1) of 2024, higher by 66% year-on-year (YoY) than AED 881.16 million.
Revenue from contracts with customers hiked by 79% to AED 12.12 billion in H1-24 from AED 6.76 billion, according to the financial results.
In the six-month period that ended on 30 June 2024, the basic and diluted earnings per share (EPS) grew to AED 1.77 from AED 1.07 during the same period in 2023.
Total assets hit AED 28.50 billion in H1-24, compared to AED 20.84 billion as of 31 December 2023.
Income Statements for Q2
In the second quarter (Q2) of 2024, the profits jumped to AED 820.21 million from AED 577.83 million in Q2-23, while the revenues climbed to AED 6.78 billion from AED 3.55 billion.
Basic and diluted EPS attributable to equity holders of NMDC stood at AED 0.99 in the April-June 2024 period, higher than AED 0.70 in the year-ago period.
In the first three months (3M) of 2024, the ADX-listed company recorded higher consolidated net profits at AED 641.06 million, compared to AED 303.32 million in Q1-23.
