Posted on February 15, 2016
National Marine Dredging recorded a net profit worth AED 58.05 million ($16 million) in the fourth quarter of 2015, compared to AED 88.83 million ($24.2 million) in the same quarter of 2014; a decline of 35%.
The company said in a bourse statement that it achieved a surge of 70% to AED 151.9 million ($41.4 million) in earnings of the fiscal year 2015, from AED 89.5 million ($24.4 million) in the previous year.
National Marine’s earnings per share increased 61 fils by the end of FY15, 69.4% higher from 36 fils in FY14.
Moreover, the company’s revenues soared to AED 2.3 billion in FY15 from AED 1.74 billion in the previous year.
