Maritime Industrial Q2 revenue up

UAE-based Maritime Industrial Services Co. (MIS) has said that its Q2 revenue rose 62% to $132.5m, compared to the same period last year, reflecting progress on six new-build rigs in production during the quarter versus three at the same time last year. Net income grew by more than 600% to reach $10.2m, compared to the same period last year, as both gross and net margins improved, MIS has said.

Posted on Monday, August 17-2009

News provided by: AME Info