Egypt’s Maridive: Consolidated Net Profit Hits US$4.3 Bln In Q1

Egypt’s Maridive and Oil Services (MOIL.CA), the biggest oil services company by fleet size in the Middle East, announced on Wednesday its consolidated and standalone business results for the first quarter of 2013.

Maridive has reported a consolidated net profit of US$ 4.288 million for Q1/13, compared to a net loss of US$ 947.036 thousand for the same period a year earlier.

Meanwhile, the firm has posted a standalone net profit of US$ 2.615 million in Q1/13, opposed to a net profit of US$ 524.927 thousand during Q1/12.