Jan Fredrik Meling-led Eidesvik carded a net profit of NOK31.8m ($5.25m) in the final three months of the year, down from NOK 38.5m for the sameperiod of 2012.

The result masked a strong operating performance with earningsbefore interest, tax, depreciation and amortisation (ebitda) rising to NOK 135.2mfrom NOK 121.9m.

Final quarter revenue came in 7% higher at NOK 238m comparedto NOK 223.7m