Stock - NMDC / National Marine Dredging Co
ADX-listed NMDC's latest numbers show the company riding the wave of new project wins, solid cash flow, and investment gains. Image Credit: Supplied

Dubai: Abu Dhabi’s National Marine Dredging Company reported a 115.16 per cent increase in profit at Dh1.51 billion in the first nine months of 2023, compared to Dh703 million in the year-ago period.

Revenue rose 81.78 per cent during the same period to Dh11 billion. The profit numbers were aided by a 422 per cent increase in finance income, which came to Dh92.51 million for the period. The corresponding year finance income was Dh17.7 million.