Abu Dhabi – Mubasher: The net profits attributable to the shareholders of National Marine Dredging Company (NMDC) hit AED 2.15 billion in 2023, higher than AED 1.30 billion a year earlier.
The revenues from contracts with customers climbed to AED 16.70 billion last year from AED 10.68 billion in 2022, according to the consolidated statements.
Basic and diluted earnings per share (EPS) attributable to the shareholders hit AED 2.61 in 2023, compared to AED 1.58 as of 31 December 2022.
Total assets enlarged to AED 20.84 billion in 2023 from AED 16.04 billion in 2022.
Dividends
The board of NMDC recommended a cash dividend distribution of AED 618.75 million, representing 75% of the company’s capital.
The ADX-listed firm will grant its shareholders a dividend of AED 0.75 per share for 2023.
Meanwhile, the board’s proposal is still subject to the approval of the shareholders during the upcoming general assembly meeting.
In the first nine months (9M) of 2023, NMDC logged net profits attributable to the owners valued at AED 1.51 billion, an annual growth from AED 703.05 million.
