TheOslo-listed spin-off of Singapore-based offshore vessel owner Ezra Holdingsbooked a fourfold jump in net profit of $3m.

Revenue for the first quarter was $11.1m, anincrease of 5% or $600,000 from the $10.5m in the corresponding period lastyear.

Cashflow from operating activities, backed by recurrent income from bareboat charters,held above $2m for the quarter.

EOCowns and operates two FPSO vessels, the Lewek Arunothai and the Lewek EMAS, whichadded $1.4m