Oslo-listedHavila booked a gain of NOK 33m ($5.62m) in the three months to the end ofJune, overturning the NOK 10.9m loss of a year ago.

Njal Saevik-ledHavila recorded the improvement despite a slip in revenue.

Its top linefell from NOK 711.2m to NOK 697.5m following a slight reduction in the fleet to27 vessels.

“The market for offshore service vessel in the second quarter has been about as expected,” the owner’s quarterly report read.