Last 6.90 AED
Change Today 0.00 / 0.00%
Volume 0.0
As of 5:00 AM 01/25/15 All times are local (Market data is delayed by at least 15 minutes).

national marine dredging co (NMDC) Snapshot

Open
6.90
Previous Close
6.90
Day High
6.90
Day Low
6.90
52 Week High
02/4/14 - 11.00
52 Week Low
09/21/14 - 5.50
Market Cap
1.7B
Average Volume 10 Days
0.0
EPS TTM
-0.43
Shares Outstanding
250.0M
EX-Date
05/8/14
P/E TM
--
Dividend
0.30
Dividend Yield
4.35%
Current Stock Chart for NATIONAL MARINE DREDGING CO (NMDC)

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national marine dredging co (NMDC) Details

National Marine Dredging Company is engaged in the execution of dredging contracts and associated land reclamation works in the territorial waters of the United Arab Emirates. Its dredging and reclamation services include pre and post survey works, design of the construction environment management plan, monitoring for compliance, and proactive QHSE program. The company also undertakes various marine construction projects and geotechnical works; and drilling and deepening waterways, ports and marine installation, marine dredging works, and building contracts, as well as provides marine logistics services. In addition, it manufactures and supplies steel pipes and fittings; and pre-stressed and pre-cast concrete products, such as hollow core slabs, panels, columns, stairs, and other products. Further, the company offers consultancy services in the fields of civil, architectural, drilling, and marine engineering. Its fleet consists of 17 dredgers; 3 booster stations; and 70 various marine equipment, including marine tugs, fuel barge ships, support crafts, and earth moving equipment. The company was founded in 1976 and is headquartered in Abu Dhabi, the United Arab Emirates.

1,823 Employees
Last Reported Date: 03/31/14
Founded in 1976

national marine dredging co (NMDC) Top Compensated Officers

Chief Executive Officer
Total Annual Compensation: --
Chief Financial Officer
Total Annual Compensation: --
Compensation as of Fiscal Year 2014.

national marine dredging co (NMDC) Key Developments

Van Oord, National Marine Dredging Company and Jan De Nul Group Win $1.5 Billion Contract

Royal Boskalis Westminster N.V. has announced that its consortium consisting of Van Oord, National Marine Dredging Company, or NMDC, and Jan de Nul Group has won a contract from the Suez Canal Authorities in connection with the expansion of the Suez Canal, which provides a shipping link between Europe and Asia. The total contract value amounts to $1.5 billion, with each partner entitled to an equal share of $375 million. The 'new' Suez Canal will partially run in parallel to the current waterway and partially entail widening and deepening of existing parts thereof. The contract includes the construction of the parallel section of the canal with a length of approximately 50 kilometers to allow ships to simultaneously transit in two directions as well as the widening and deepening of a number of existing sections to a depth of 24 meters. The majority of the dredging activities for the canal expansion will be executed with 17 cutter suction dredgers. The project will commence in 2014 and is expected to be completed in 2015.

National Marine Dredging Company Announces Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

National Marine Dredging Company announced consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported contract revenues of AED 303,729,000 compared with AED 680,161,000 for the same period a year ago. Loss from operating activities was AED 109,008,000 compared with profit from operating activities of AED 68,779,000 for the same period a year ago. Loss for the period was AED 117,416,000 or AED 0.48 per basic and diluted share compared with profit for the period of AED 71,338,000 or AED 0.31 per basic and diluted share for the same period a year ago. For the six months, the company reported contract revenues of AED 693,491,000 compared with AED 1,385,029,000 for the same period a year ago. Loss from operating activities was AED 139,820,000 compared with profit from operating activities of AED 153,853,000 for the same period a year ago. Loss for the period was AED 154,961,000 or AED 0.64 per basic and diluted share compared with profit for the period of AED 157,345,000 or AED 0.69 per basic and diluted share for the same period a year ago. Net cash provided by operating activities was AED 289,038,000 compared with net cash used in operating activities of AED 382,476,000 for the same period a year ago. Acquisition of property, plant and equipments was AED 39,263,000 compared with AED 151,846,000 for the same period a year ago.

National Marine Dredging Company Announces Consolidated Earnings Results for the First Quarter Ended March 31, 2014

National Marine Dredging Company announced consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported contract revenues of AED 389,762,000 compared with AED 704,868,000 for the same period a year ago. Loss from operating activities was AED 30,812,000 compared with profit from operating activities of AED 85,074,000 for the same period a year ago. Loss for the period was AED 37,545,000 or AED 0.16 per basic and diluted share compared with profit for the period of AED 86,007,000 or AED 0.38 per basic and diluted share for the same period a year ago. Net cash provided by operating activities was AED 315,946,000 compared with net cash used in operating activities of AED 201,941,000 for the same period a year ago. Acquisition of property, plant and equipments was AED 13,359,000 compared with AED 77,226,000 for the same period a year ago.

 

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