Cairo – Mubasher: Maridive and Oil Services reported a 977% hike in its consolidated net losses, registering $48.62 million in the first half (H1) of 2020, compared to $4.51 million in the year-ago period, including minority shareholders’ rights.

The company’s revenues rose to $122 million in the January-June period from $80.5 million in the corresponding period in 2019, according to a bourse disclosure on Thursday.

During the first three months of 2020, the company incurred net losses of $28.3 million, up from $3.7 million in the prior-year period, including minority shareholders’ rights.