Arab Finance: Maridive and Oil Services (MOIL) posted a 35% year-on-year (YoY) decline in consolidated loss after tax during the first nine months of 2022, according to financial indicators filed to the Egyptian Exchange (EGX) on Wednesday.

The company’s consolidated loss after tax dropped to $29.09 million in the nine months that ended on September 30^th from $44.442 million in the same period last year.

The company’s consolidated revenue plummeted 14% YoY to $76.33 million in January-September.

Moreover, Maridive’s standalone net loss after tax declined to $14.153 million in 9 months to September 30^th from $26.237 million a year earlier.

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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