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Last 5.25 AED
Change Today 0.00 / 0.00%
Volume 0.0
NMDC On Other Exchanges
Abu Dhabi
As of 6:00 AM 09/3/15 All times are local (Market data is delayed by at least 15 minutes).

national marine dredging co (NMDC) Snapshot

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10/19/14 - 7.70
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national marine dredging co (NMDC) Details

National Marine Dredging Company engages 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; excavation offshore reclamation contracts; services for developing water installations for marine facilities, and excavation contracts; and drilling and deepening waterways, and ports and marine installation, as well as provides marine logistics services. In addition, it manufactures and supplies steel pipes and fittings; and pre-cast concrete products. Further, the company offers consultancy services in the fields of civil, architectural, drilling, and marine engineering. Its fleet consists of 14 dredgers; and 65 marine equipment, which include booster stations, fuel barge ships, marine tugs, multicat crafts, A-frame barges, support crafts, and earth moving equipment. The company was founded in 1976 and is headquartered in Abu Dhabi, the United Arab Emirates.

Founded in 1976

national marine dredging co (NMDC) Top Compensated Officers

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national marine dredging co (NMDC) Key Developments

National Marine Dredging Company Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

National Marine Dredging Company reported earnings results for the second quarter and six months ended June 30, 2015. The company recognised revenue of AED 1,401 million for the six months period ended June 30, 2015 compared to AED 693 million for the six months period ended June 30, 2014. Capital Investment investment in new capital equipment for the six months period ended June 30, 2015 amounted to AED 125 million. The company reported profit of AED 67 million in second quarter 2015 compared to a loss of AED 155 million a year ago.

National Marine Dredging Company Appoints Deloitte as Auditor

National Marine Dredging Company at its AGM held on April 29, 2015, approved the appointment of Deloitte in Abu Dhabi as auditor of the company and its subsidiaries for the financial year 2015.

National Marine Dredging Company Announces Audited Consolidated Earnings Results for the First Quarter Ended March 31, 2015

National Marine Dredging Company announced audited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported contract revenues of AED 494,532,000 compared with AED 389,762,000 for the same period a year ago. Profit was AED 22,197,000 or AED 0.09 per basic and diluted share compared with loss of AED 37,545,000 or AED 0.16 per basic and diluted share for the same period a year ago. Net cash generated from operating activities was AED 282,836,000 compared with AED 315,946,000 for the same period a year ago. Payments for property, plant and equipment was AED 14,062,000 compared with AED 13,359,000 for the same period a year ago.


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Price/Sales 0.6x
Price/Book 0.4x
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