NMDC achieves a record net profit growth of more than 74 percent

NMDC achieves a record net profit growth of more than 74 percent

Underlined by its strategic expansion to international markets, diversification to new business verticals and progress in key projects

- The Group achieves revenues of AED 3,546 million in H1, increasing by 8.5 percent compared to the same period in 2021.

- The Group’s total assets currently stand at AED 13.32 billion, up by 3 percent compared to the end of the first half of 2021.

Abu Dhabi, UAE: Underlined by its strategic expansion to international markets, diversification to new business verticals and progress in key projects, National Marine Dredging Company Group (ADX: NMDC), one of the world’s leading Engineering, Procurement, Construction (EPC) and marine dredging groups, achieved an exceptional net profit growth of 74.4 percent, reaching AED 403 million in the first half of 2022, compared to its net profit of AED 231 million during the same period in 2021.

Further cementing this success, the Group’s revenue increased by 8.5 percent to AED 3.546 million compared to its revenue of AED 3.269 million in the first half of 2021. The total assets of the Group are now at AED 13.32 billion, a growth of 3 percent over the total assets in 2021 at AED 12.92 billion.

The Group's business continued to grow and expand during