Arab Finance: 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, as per the company’s financial indicators.
The company’s revenues rose 82% year on year (YoY) to $186.477 million last year from $102.443 million.
On March 21st, the firm posted a 63% YoY drop in standalone net losses after tax in 2023 to $5.034 million, compared to $13.54 million.
Maridive is an Egypt-based company that provides offshore marine and oil support services across the Middle East and North Africa (MENA) Region.