National Marine Dredging profit rises in Q3

Revenues surged

  
Abu Dhabi – Mubasher: The National Marine Dredging Company on Wednesday reported a net profit worth AED 49.3 million during the third quarter ended 30 September, up from AED 46.4 million in the same quarter in 2018.

Revenues surged to AED 776.5 million over the same quarter in 2019 when compared to AED 345.7 million in Q3-18, according to a press release.

During the nine months ended 30 September, the company achieved a net profit of AED 116.3 million when compared to 56.7 AED million in the same period in 2018.

The firm’s revenues grew to AED 1.721 billion over the same period in 2019 when compared to AED 1.068 billion a year earlier.

The higher revenues are mainly due to contributions from several projects, including Khalifa Port South Quay Development and Foreshore Works and Hail & Ghasha.

Source: Mubasher

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