Oman’s Abraj Energy Services Q1 net profit slips

Oman’s Abraj Energy Services Q1 net profit slips

Oman's Abraj Energy Services SAOC, part owned by state energy company OQ, reported a Q2 2023 net profit of 3.87 million rials ($10 million), 1% lower year-on-year. Revenue came in 7% higher on year at OMR 36.30 million, said the oil and gas drilling business which listed its shares on the Muscat Stock Exchange earlier this year following an IPO. (Writing by Brinda Darasha; editing by Daniel Luiz) [email protected]