National Drilling’s profits up 231.7% YoY in 9 months
Updated 11/15/2023 2:28:00 AM
Arab Finance: National Drilling Company saw a 231.7% year-on-year (YoY) increase in net profits during the first nine months of 2023, hitting $9.129 million, compared to $2.752 million, according to a filing on November 15th.
The company generated revenues of $19.726 million during the January-September period of this year, up from $11.371 million in the same period in 2022.
National Drilling is an Egypt-based company engaged in the provision of oil field drilling services. The company provides technical support and services for fields drilling operations managing its four land drilling rigs, which are all presently contracted in Libya.
Its scope of services also includes the provision of rigs associated equipment, selling and storing related machinery, as well as trading in related spare parts.
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