Cairo – Mubasher: Maridive & Oil Services reported a 152% year-on-year (YoY) surge in consolidated net profit to $20.37 million in the first quarter (Q1) of 2024 from $8.08 million.
Revenues jumped by 35% YoY to $56.10 million in Q1-24 from $41.57 million, according to an unaudited interim results.
The earnings per share (EPS) leapt by 147% YoY to $0.042 in the three-month period that ended on 31 March 2024 from $0.017.
In 2023, Maridive & Oil Services turned to a consolidated net profit of $47.69 million, versus a net loss of $106.34 million a year earlier.
