Egypt's Maridive reports healthy H1 net profit of $36.2 million

Reuters, Monday 15 Aug 2011

Region's biggest oil services firm by fleet size sees healthy gains on the back of recent high energy prices

Egypt's Maridive and Oil Services, the biggest oil services firm by fleet size in the Middle East, posted a 37 per cent increase in 2011 first-half net profit, the stock exchange said on Monday.

The firm posted net profit of US$36.2 million before minority interests, versus $26.4 million a year earlier.  

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