Cairo – Mubasher: Maridive and Oil Services turned to losses during the first nine months of 2019, the company’s standalone financial statements showed.
The company reported net losses of $9.55 million in the January-September period, against net profits of $1.04 million in the year-ago period, according to a bourse disclosure on Monday.
In the meantime, revenues tumbled to $47.9 million in the nine-month period ended 30 September, compared to $57.24 million in the corresponding period a year earlier.
As for the third quarter of 2019, Maridive incurred net losses of $5.9 million, up from $957,406 in the prior-year period.
It is noteworthy that the company’s standalone financials for the first half of 2019 showed net losses of $3.64 million, versus net profits of $2.002 million in H1-18.
