Baker Hughes’ Revenues Record $5.4 B in Q1 2020
Baker Hughes’s revenues reached $5.4 billion during Q1 2020, recording a 3% year on year (YoY) decrease from Q1 2019.
Baker Hughes’s revenues reached $5.4 billion during Q1 2020, recording a 3% year on year (YoY) decrease from Q1 2019.
Libya's state-run National Oil Corporation (NOC) announced that its October revenues grew by 21% month-on-month (MoM) to stand at $2.2 billion from $1.8 billion.
The company's operating profit grew by 36% to reach EGP 1.3 billion in 2018, which is supported by the strong performance of all the affiliated companies.
ADES International Company announced that its revenues from Egypt reached $87.2 million at the end of 2018, recording 42.4% of its total revenues in 2018.
Egypt Gas net profits reached EGP 8.927 million, after recording EGP 13.54 million losses during the same period in 2018.
The company will gain between EGP 50-55 billion from the Egyptian Refining Company (ERC), which is set to start operating in Q3 2019.
The surge in revenues is attributed to the unprecedented volume of contracts that were signed last year, which totaled EGP 40 billion.