Egypt: Maridive & Oil Services turns to profits in 2023

Operating revenues soared to $186.47mln last year from $102.44mln in 2022

Staff Writer, Mubasher

May 27, 2024

PHOTO

Cairo – Maridive & Oil Services shifted to a consolidated net profit of $47.69 million in 2023, against a net loss of $106.34 million a year earlier.

Operating revenues soared to $186.47 million last year from $102.44 million in 2022, according to annual financial results.

The company recorded basic and diluted earnings per share (EPS) of $0.11 in 2023, versus a loss per share of $0.26 the year before.

During the first nine months (9M) of 2023, Maridive & Oil Services turned to a net profit after tax of $29.22 million from net losses of $29.09 million in 9M-22.

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.