Maridive and Oil Services (MOIL) reported a 42.53% year-on-year decrease in consolidated net profits attributable to the parent company in the first nine months of 2024.

Maridive and Oil Services (MOIL) recorded $1.564 million in standalone net profits in the first half (H1) of 2024, compared to losses of $328,765 in H1 2023.

Maridive & Oil Services has secured a one-year contract valued at $17.8 million to provide support for oil exploration and production in Egypt.

Maridive Offshore Projects, a subsidiary of Maridive & Oil Service S.A.E., has been awarded a 16-month contract worth $14.4 million, as per a disclosure.

Maridive and Oil Services (MOIL) reported a 141.5% year-on-year increase in consolidated net profits attributable to the parent company in the first quarter (Q1) of 2024.

Maridive and Oil Services (MOIL) reported a 152% year-on-year jump in consolidated net profits after tax in the first quarter (Q1) of 2024.

Maridive and Oil Services (MOIL) recorded standalone net profits after tax of $608,658 in the first quarter (Q1) of 2024, versus net losses of $480,912 in Q1 2023.

Maridive and Oil Services (MOIL) recorded consolidated net profits after tax of $47.696 million in 2023, compared to $106.342 million in net losses in 2022.

Maridive and Oil Services’ (MOIL) standalone net losses after tax dropped 63% year on year (YoY) in 2023 to $5.034 million, compared to $13.54 million.

Maridive and Oil Service’s 49%-owned affiliate Al-Mayez Oil and Gas Services has been awarded a three-year oil exploration contract worth €29.72 million for the Libyan Mellitah Oil and Gas Company.

The UAE-based Ocean Marine, which is 51% owned by Maridive and Oil Services, is in the process of finalizing a deal to sell a marine unit for $40 million.

Maridive and Oil Services (MOIL) achieved a net consolidated profit after tax during the first nine months of 2023 of $29.228 million, versus $29.090 million in net losses.

Maridive and Oil Services (MOIL) has garnered $17.7 million in consolidated net profits after tax during the first half (H1) of 2023, against $16.002 million in net losses in H1 2022.

Maridive is an Egypt-based company that provides offshore marine and oil support services across the Middle East and North Africa (MENA) Region.

Maridive and Oil Services (MOIL) recorded consolidated net profits after tax of $8.087 million in the first quarter (Q1) of 2023, versus net losses of $10.713 million in Q1 2022.

Maridive Group is an Egypt-based company engaged in the provision of offshore marine and oil support services in the Middle East and North Africa Region.