Cairo – Mubasher: Maridive and Oil Services turned to net losses of $143.25 million during 2020, against net profits of $2.6 million in 2019, including minority shareholders’ rights.

The company’s revenues retreated to $180.5 million last year from $202.8 million in 2019, according to a bourse disclosure on Tuesday.

As for standalone business, Maridive incurred net losses of $63.96 million in 2020, compared to $4.11 million a year earlier.

During the first nine months of 2020, Maridive suffered net losses of $92.67 million, compared to $22.225 million in the corresponding period in 2019.