Egypt’s Maridive: Consolidated Profits Hit US2.3 mln in H1

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

Maridive has reported a consolidated net profit of US$ 2.3 million for H1/13, compared to a net loss of US$ 22.7 million for the same period a year earlier.

Basic earnings per share for H1/13 have hit US0.0059/share, against US0.0539/share a year ago.

Equity rights have reached about US 283.8 million by the end of June 2013, opposed to US 281.7 million by the end of March 2012.