Maridive & Oil Services has announced that its revenues increased to $16.5 million for the year ending on 31 March 2024, a 12% improvement compared to $14.7 million in the similar period 2023.

According to standalone unaudited financial statements for the period ending 31/03/2024, gross profit reached $6.61 million, a 17% rise from $5.56 million a year earlier.

Meanwhile, net profit reached $608,000, a 227% increase from $481,000 in the similar period 2023.

Maridive & Oil Services revealed that net EBITDA reached $10.7 million, compared to $8.4 million in the similar period 2023, reflecting a 28% improvement.