UAE ocean dredging company's revenue and profits soar

Abu Dhabi-listed UAE National Marine Dredging Company (NMDC), which has won contracts worth more than AED9.6 billion in 2022, saw its revenue soar to 10.7 billion dirhams (about 2.9 billion US dollars), an increase of 35% compared with 2021, and total net profit reached 1.3 billion dirhams, an increase of 30% from a year ago. The group's total assets also rose by 24 percent to AED16 billion.
(1 dirham is about $0.27)