Oslo-listedDof booked a profit of NOK 405m ($68.31m) to overturn a loss of NOK 83m seen 12months ago.

Revenuepicked up from NOK 1.99bn to NOK 2.24bn, helped by a better than expected spotmarket.

KristofferRiis Iden of Arctic Securities says adjusted EBITDA of $756m was solid, beatinghis estimate of $725m.

Operatingprofit reached NOK 728m, compared with the NOK 624m consensus in the market, Idensaid in a report this morning.