Arab Finance: 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, according to the financial statement.
The company earned consolidated net profits of $19.546 million in Q1 2024, compared to $8.094 million in Q1 2023.
Meanwhile, operating revenues came in at $56.104 million, up 35% YoY from $41.572 million in Q1 2023.
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.