Arab Finance: Company announced Maritime and Petroleum Services – Maridev (MOIL)The company was awarded a one-year work contract with a total value of $17.8 million, according to the company statement Egyptian Stock Exchange.
She added that the contract includes work to support the exploration and production of petroleum in Egypt, and implementation of the contract is scheduled to begin in the third quarter of this year 2024.
On the consolidated unaudited business results for the financial period ending on 03/31/2024, achieving a net profit amounting to $20,379,547 compared to profits estimated at about $8,087,422 during the comparative period of the previous fiscal year, with a change rate of 152% according to statement Egyptian Stock Exchange.
Regarding the independent unaudited indicators for the fiscal year ending on 03/31/2024, achieving a net profit of $608,658 compared to losses amounting to $480,912 during the comparative period of the previous fiscal year, according to statement Egyptian Stock Exchange.
The Maritime and Petroleum Services Company “Maridive” was established in 1978 to provide marine petroleum services in Egypt. The company's operations expanded over the years to transform from managing a single marine unit to owning and managing a fleet of more than 61 ships, in addition to its operations spread across the Mediterranean Sea, the Red Sea, the Arabian Gulf, and the Caspian Sea. And the Gulf of Mexico.
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