{"id":551718,"date":"2022-07-17T13:22:28","date_gmt":"2022-07-17T13:22:28","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/07\/17\/earnings-watch-maridive-oil-and-services\/"},"modified":"2022-07-17T13:22:28","modified_gmt":"2022-07-17T13:22:28","slug":"earnings-watch-maridive-oil-and-services","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/07\/17\/earnings-watch-maridive-oil-and-services\/","title":{"rendered":"Earnings watch: Maridive Oil and Services"},"content":{"rendered":"

EARNINGS WATCH- Maridive Oil and Services narrowed its losses to USD 10.71 mn in 1Q2022<\/strong>, down from USD 19.81 mn in the same quarter last year, according to the company\u2019s unaudited financials (pdf)<\/a>. The company\u2019s revenues fell 45% y-o-y to USD 20.59 mn, compared to USD 37.72 mn in 1Q2021.<\/p>\n

\n

The EGX30 rose 0.1% at today\u2019s close<\/strong> on turnover of EGP 318.46 mn (61.4% below the 90-day average). Local investors were net sellers. The index is down 26.6% YTD.<\/p>\n

In the green: <\/strong>Cleopatra Hospitals (+3.1%), Medinet Nasr Housing (+3.1%) and EFG Hermes (+2.4%).<\/p>\n

In the red: <\/strong>\u0650Abu Dhabi Islamic Bank- Egypt (-2.3%), Fawry (-2.1%) and Orascom Development Egypt (-2.0%).<\/p>\n","protected":false},"excerpt":{"rendered":"

EARNINGS WATCH- Maridive Oil and Services narrowed its losses to USD 10.71 mn in 1Q2022, down from USD 19.81 mn in the same quarter last year, according to the company\u2019s unaudited financials (pdf). The company\u2019s revenues fell 45% y-o-y to USD 20.59 mn, compared to USD 37.72 mn in 1Q2021. The EGX30 rose 0.1% at […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7219],"tags":[409,633,642,2840],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-551718","post","type-post","status-publish","format-standard","hentry","category-go-with-the-flow","tag-earnings-watch","tag-enterprisepm","tag-go-with-the-flow","tag-maridive","wpautop","entry"],"acf":{"mongo_id":"373d7c5a-59f5-45f5-a17b-17e843c690a0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[551709],"teaser":"","voice_url":""},"yoast_head":"\nEarnings watch: Maridive Oil and Services - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/07\/17\/earnings-watch-maridive-oil-and-services\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Earnings watch: Maridive Oil and Services\" \/>\n<meta property=\"og:description\" content=\"EARNINGS WATCH- Maridive Oil and Services narrowed its losses to USD 10.71 mn in 1Q2022, down from USD 19.81 mn in the same quarter last year, according to the company\u2019s unaudited financials (pdf). 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Revenues dipped 2.6% y-o-y to USD 202 mn from USD 208 mn in 2018, mostly due to costs rising to\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":572855,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/12\/maridive-oil-services-net-losses-increase-usd-7-5-mn\/","url_meta":{"origin":551718,"position":5},"title":"Maridive & Oil Services\u2019 net losses increase USD 7.5 mn","author":"enterpriseam admin","date":"12 July 2020","format":false,"excerpt":"EARNINGS WATCH- Maridive & Oil Services\u2019 net losses widened to USD 7.5 mn in 1Q2020, up 532% y-o-y from losses of USD 1.4 mn in 1Q2019, the company said in a regulatory filing (pdf). Revenues fell to USD 13 mn during the quarter from USD 18.1 mn in 1Q2019. The\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/551718","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=551718"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/551718\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/551709"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=551718"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=551718"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=551718"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=551718"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=551718"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}