Abu Dhabi – Mubasher: National Marine Dredging Company (NMDC) saw a 44.6% fall in its profits during the third quarter of 2016, according to a bourse statement.
Profits reached AED 14.9 million ($4.06 million) in Q3-16, compared to AED 26.87 million in Q3-15.
Contract revenues declined 39.4% to AED 321.33 million in Q3-16, compared to AED 529.89 million in Q3-15.
Profits decreased 57.2% to AED 40.14 million in the first nine months of 2016, compared to AED 93.85 million in the same period of 2015.
