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Egyptian pound banknotes sit on a table on March 6, 2024 in Cairo, after Egypt's central bank announced it will allow the exchange rate to be set by the market. Egypt's central bank announced on March 6 it will allow the exchange rate to be set by the market, causing the pound to lose more than a third of its value within minutes. Shortly after 12:00 pm (1000 GMT), the Egyptian pound was trading at a record high of 49.15 pounds to the US dollar, after more than a year of a stabilised official exchange rate of around 30.9. (Photo by Khaled DESOUKI / AFP)
Egypt - Maridive and Oil Services (MOIL) reported a 42.53% year-on-year decrease in consolidated net profits attributable to the parent company in the first nine months of 2024, according to the financial statement.
The company earned consolidated net profits of $16.796 million in the January-September period of 2024, compared to $29.228 million in the same period a year earlier.
Meanwhile, operating revenues came in at $154.457 million, up from $132.140 million.
Also, the firm registered standalone net profits after tax of EGP 1.965 million, up from $309.
Maridive Group is an Egypt-based company engaged in the provision of offshore marine and oil support services in the Middle East and North Africa Region.
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