NMDC reports outstanding growth for H1 2024 ...United Arab Emirates

Abu Dhabi-based NMDC Group, a specialist in engineering, procurement, construction, and marine dredging, has recorded strong results for H1 2024, with a 79% increase in its revenues – which soared to US $3.3bn. Last year’s figure was $1.85bn, the firm noted. Announcing the financial results for the six-month period ended 30 June, NMDC explained how, reflecting the strong growth in its strategic projects, net profits surged by 66% to hit $397.8mn compared to $240mn in the previous year. Gross profits also grew, up to 109% to $471mn from $226mn in H1 2023. The Abu Dhabi Group’s asset value has seen a significant increase, reaching $7.7bn for H1 2024, a rise of $2.08bn since Q4 2023. In the se

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