Arab Finance: Maridive and Oil Services (MOIL) has cut down its standalone net loss during the first half (H1) of 2023 by 95.51% year-on-year (YoY), according to the standalone financial statement filed to the Egyptian Exchange (EGX) on August 16th.
Net loss stood at $328,765 in H1 2023, down from $7.322 million in the year-ago period.
Operating revenues rose to $30.939 million in the first six months of 2023 from $23.098 million in the same period last year.
Maridive is an Egypt-based company that provides offshore marine and oil support services across the Middle East and North Africa (MENA) Region.