National Marine Dredging’s Swift accident not to affect financials

Abu Dhabi – Mubasher: National Marine Dredging Company (NMDC) expected that the accident its wholly owned speed logistics vessel Swift had on Saturday will not negatively affect its financial results, according to a bourse filing.

Swift had been targeted by the Houthis during its trip to deliver humanitarian aid to the southern Yemeni port city of Aden and evacuate wounded civilians, according to WAM news agency.

The company’s stock was the best performer with a 10.8% rise by 11:40am UAE time, generating AED 1.4 million from the exchange of 299,480 shares.

Mubasher Contribution Time: 04-Oct-2016 09:26 (GMT)
Mubasher Last Update Time: 04-Oct-2016 09:26 (GMT)