The Nobu Su-controlled outfit reported a net deficit of $10m for the three months to 30 June compared to a net loss of $40.1m for the same quarter last year.
The result worked out at $0.03 per share versus $0.14 per unit last time round.
US-listed Vantage said total revenue dipped to $105m from $121m.
Paul Bragg, CEO, said: "We are pleased to announce another strong quarter from operations, with the jackups achieving in excess of 99% productive time and the Platinum Explorer, while out of service for the scheduled 10 days of equipment upgrades, otherwise achieved productive time in excess of 99%.
Vantage
