Norway's Dof group has posted a return to profit thanks to the balance-sheet boost from its summer restructuring.

The offshore vessel owner said net earnings in the third quarter were NOK 577m ($68.45m), compared to a loss of NOK 578m in the same period last year.

Revenue dropped to NOK 1.91bn from NOK 2.76bn, while EBITDA was down at NOK 727m versus NOK 933m, and the operating figure turned red.

It