Abu Dhabi - Mubasher: National Marine Dredging Company (NMDC) witnessed net profits attributable to shareholders worth AED 1.30 billion in 2022, higher by 30% year-on-year (YoY) than AED 1 billion.
Revenues from contracts with customers reached AED 10.68 billion during the January-December 2022 period, an annual leap of 35% from AED 7.88 billion, according to the consolidated financial results.
The basic and diluted earnings per share (EPS) attributable to equityholders stood at AED 1.58 last year, compared to AED 1.26 in 2021.
Additionally, the total assets enlarged by 24% YoY to AED 16.04 billion as of 31 December 2022 from AED 12.91 billion.
Income Statements for Q4
During the fourth quarter (Q4) of 2022, the company’s net profits surged by 20% YoY to AED 601 million, while the revenues widened by 84% YoY to AED 4.60 billion.
Mohammed Al Rumaithi, Chairman of NMDC, highlighted: “2022 witnessed exceptional and distinct revenue and net profit growth, as the group won unique and specialized contracts worth more than AED 9.60 billion.”
Yasser Zaghloul, CEO of NMDC, noted: "We currently have more than AED 54 billion worth of projects under execution, and we look forward to doubling this value.”
In the first nine months (9M) of 2022, the net profits attributable to the owners of NMDC amounted to AED 703.05 million, a jump from AED 501.04 million in 9M-21.
