Net income at the private equity-back company was NOK 7.6m ($1.1m) versus the NOK 3m seen twelve months earlier.
Revenue at the Oslo-listed subsea services company was NOK 101.7m as it increased its fleet size from one to three vessels.
“The reported profit is a reflection of the good performance of the three vessels during the quarter, even though the Stril Explorer did experience low utilisation in July and early August,” Reach said.
Looking
