The offshore shipowner said that net profit for the period was NOK 188m ($30m) versus a loss of NOK 267m one year prior.

Revenue rose to NOK 2.8bn from NOK 2.5bn and operating profit before depreciation (EBITDA) was 12% higher at NOK 866m.

As of 30 June the company’s fleet consisted of 77 vessels with contracts in place worth NOK 61bn including options.

Dof