It reported earnings of $7.4m for the three months ended 30 September versus the $9.2m seen a year ago.
The Singapore-listed company saw revenue slide by over 40% to $7.9m, but costs were down 107% to just $221,000.
CH Offshore said the fall in revenue was primarily due to lower utilization and lower charter rates from two vessels.
These two vessels each underwent drydocking followed by upgrading works after the completion of their respective contracts in January 2013.
The
