Maridive and Oil Services narrows H1 standalone loss by 65.3% YoY
Updated 8/16/2022 2:05:14 PM
Arab Finance: Maridive and Oil Services (MOIL) has cut down its standalone net loss during the first half (H1) of 2022 by 56.3% year-on-year (YoY), according to the standalone financial statement filed to the Egyptian Exchange (EGX) on August 16th.
Net loss stood at $7.32 million in H1 2022, versus $16.76 million in the year-ago period.
Operating revenues rose to $23.09 million in the first six months of 2022 from $20.77 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.
