Earnings Watch: Maridive reports 24% y-o-y growth in net profit in 3Q2018

EARNINGS WATCH- Maridive reported 24% y-o-y growth in its bottom line to USD 18.3 mn in 3Q2018, up from USD 14.7 mn last year, according to the company’s earnings release (pdf). Maridive’s revenues decreased 4.7% to USD 156.3 mn from USD 164 mn on the back of a drop in prices and lower utilization rates.