It said earnings for the period went down from $21m in the corresponding period to $14.6m.
Revenue rose by $2m to $67m thanks to higher utilisation of its OSV segment.
Its bottom line was hurt by a $5m loss in its Mexico business after a court ordered Pemex to stop paying charter hire for one of POSH’s clients in the country.
Gerald Seow, chief executive of POSH, said: “Our third quarter results show the impact of the problems in our Mexico joint venture, for which we have made full allowance.
“We
