SapuraKencana Petroleum has seen its third quarter net profit increases 21% year-on-year despite a slide in revenue.

The Malaysian offshore vessel operator reported net income of MYR 157.4 ($35.5m) against the MYR 129.9m seen a year ago.

The company was helped by a lack of impairments this year versus the MYR 317.3m in 2015 and a sizeable gain from foreign exchange.

SapuraKencana Petroleum saw revenue decline 23% to MYR 2.2bn,