NMDC 2007 Q2 profit AED57m +373%

[sharewadi]

NMDC 2007 H1 profit AED 89m +234%, Q2 profit AED 57m +373%

National Marine Dredging Company (NMDC) profit figures for second quarter 2007 are (EPS annualised in brackets):

2007 Q2 profit = AED 56.867m +373.2% from 2006 Q2, EPS = 0.34 dhs (1.36 )
2006 Q2 loss = AED -20.812m, EPS = -0.12 dhs
2007 H1 profit = AED 89.380m +234.0% from 2006 H1, EPS = 0.53 dhs (2.12 )
2006 H1 loss = AED -66.699m, EPS = -0.39 dhs

EPS figures calculated from Net Profit / 169,000,000 shares outstanding.

NMDC share price at close on 15 Aug 2007 was 5.15 dhs, so 2007 estimated PE is about 5.15 / 1.36 = 3.8 which is less than half the market average PE of about 14.

See also NMDC 2007 Q2 results & NMDC 2007 H1 results summary on sharewadi.com.

ADSM 15 August 2007:

(NMDC) National Marine Dredging discloses preliminary balance sheet and income statement for 2nd half of 2007

ADSM 29 August 2007:

(NMDC) National Marine Dredging Co. announces 2nd quarter, 2007 financial results

Previous results topics for NMDC

NMDC 2007 Q1 profit AED 33m +171% from 2006 Q1 loss
NMDC 2006 FY profit AED 44m
_________________
UAE IPO list | posting guidelines