Maridive swings to profitability in H1

Updated 9/17/2023 10:18:00 AM
Maridive swings to profitability in H1

Arab Finance: 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, the company's financial indicators showed on September 17th.

Standalone revenues came in at $86.416 million in the six-month period, up 86% YoY from $46.339 million.

The company has posted earlier a 95.51% YoY drop in its standalone net loss during H1 2023.

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

 

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