Cairo – Mubasher: Maridive and Oil Services reported higher unconsolidated net profits for the second quarter of 2016, a bourse statement revealed.

Q2 standalone net profits increased 42.9% year-over-year to $2.73 million from $1.91 million.

Over the first six-month period, the company earned $4.34 million, compared with $5.46 million for the year-ago period, the standalone alone results indicated.

Further, H1 revenues fell 20.5% year-over-year to $54.68 million, according to the bourse filing.

In the first quarter of 2016, the company registered $3.5 million profits, compared to $3.07 million for Q1-15.