Posted on August 9, 2016
Abu Dhabi-Mubasher: National Marine Dredging Company (NMDC) posted a 67% decline in its second-quarter profits, according to a bourse statement.
Profits reached AED 14.79 million ($4.03 million) in Q2-16, compared to AED 44.79 million ($12.19 million) in Q2-15.
Contract revenues declined 63.7% to AED 322.28 million in Q2-16, compared to AED 888.05 million in Q2-15.
The company generated profits of AED 25.25 million in H1-16, a rise of 62.3% from AED 66.99 million in H1-15.
Source: 4-traders
