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FinancialNews


  • 16-08-12

    Egypt's Maridive reports USD22.8m loss in H1

    (MENAFN) Egypt's Maridive and Oil Services reported USD22.8 million loss during the first half of 2012, versus USD36.2 million profit a year earlier, reported Reuters. The largest oil services company by fleet size in the Middle East also reported USD132 million revenue in the period, down from USD204.8 million a year ago. The company said that its offshore support vessel business incurred one-off expenses related to preparatory work on a project. Maridive also said that stiff competition had an impact on the size and value of its offshore construction business' contracts.

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