Net income rose 62% year-on-year to$45.2m versus the $27.9m seen a year ago excluding gains from a one offdisposal.

The Singapore-listed company said revenue forthe quarter came in at $94.4m, up 72.3% on the $54.8m seen a year ago.

“The increase inrevenue was mainly due to the chartering contribution from the deployment of additionalunits of the group’s service rigs,” Ezion said.

Thegroup’s total equity increased by $77.3m