Maridive earnings slide 38% in 9M

Cairo – Mubasher: Maridive and Oil Services said Wednesday that Q3 earnings declined 82% year-on-year to $376,400 from $2.13 million according to the standalone results.

In the first nine months, the company earned $4.72 million, lower 38% from $7.6 million for the year-ago period.

Revenues reached $79.96 million during the nine-month period, compared to $99.4 million for the first nine months of 2015.

In the first half, net unconsolidated profits fell to $4.34 million from $5.46 for the first six months of 2015.

The stock quote was placed at $0.25 at open.  

Mubasher Contribution Time: 16-Nov-2016 09:48 (GMT)
Mubasher Last Update Time: 16-Nov-2016 09:48 (GMT)