NMDC Group reports AED 2.2 bn net profit for first 9 months of 2024
The Business Guardian|October 29, 2024
NMDC Group, a global leader in engineering, procurement, construction, and marine dredging, has announced its financial results for the nine-month period ending 30th September 2024, reporting an impressive 68 per cent growth in revenues and a 45 per cent surge in net profits compared to the same period last year.
TBG NETWORK
NMDC Group reports AED 2.2 bn net profit for first 9 months of 2024

The strong performance for the nine-month period ending September 30 2024 was underpinned by a healthy project pipeline, strategic operational expansion across the Group's divisions, as well as NMDC Energy's successful Initial Public Offering (IPO).

During the nine-month period ending 30 September 2024, NMDC Group's revenues rose to AED 18.518 billion, up 68 per cent from AED 11.039 billion in the same period in 2023. Net profits also saw a marked rise, with a 45 per cent increase from AED 1.513 billion in the same period in 2023, to AED 2.192 billion, underlining robust performance and strategic expansion into new projects.

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