Cairo – Mubasher: Maridive and Oil Services reported pre-tax losses of $31.57 million in the first nine months of 2020, up by 230.58% year-on-year (YoY) from $9.55 million, the unaudited standalone financial results showed.
The company generated $33.97 million in revenue in the January-September period, down from $47.9 million in the year-ago period, according to a bourse disclosure on Monday.
During the first half (H1) of 2020, Maridive incurred net losses of $48.62 million, compared to $4.51 million in H1-19, including minority shareholders’ rights.