Earnings were $36.67m, up from $20.79m in 2013,while revenue dipped to $52.92m against $56.52m.

Costs were cut to $37.1m, however, comparedto $44.17m over the same period.

The revenue drop was mainly down to lowerutilisation from its transportation and installation (T&I) and offshore accommodationsegments

Supply ship income partly offset this asfour new vessels were deployed.

The group, which listed in Singaporeearlier this year, has a fleet of 112 ships, including anchor-handlers, supplyships and accommodation vessels.