Maridive profits decline 50.7% in 9m

Cairo - Mubasher: Maridive and Oil Services reported $5.46 million net profits for the first nine months of 2015, down 50.7% from $11.1 million a year earlier, according to its consolidated financial statements.

Meanwhile, the firm saw unconsolidated net profits of $7.6 million for this nine-month period of 2015, compared with $15.3 million for the similar period of the previous year.

The company posted earlier, a 11.3% decline in consolidated net profit for the first half of 2015 to $5.3 million (EGP 41.4 million), taking into account minority interest, compared with $6 million (EGP 46.8 million) in the same period a year earlier.

Mubasher Contribution Time: 28-Dec-2015 07:57 (GMT)