Modec has logged its highest first quarter profit in four years.
The Japanese FPSO owner booked net income of JPY 2.3bn ($20.6m) in the three months to the end of March 2017, beating the JPY 1.7bn at the same stage in 2016.
It marked the best start to a year for the company since 2013 when it saw a profit of JPY 2.9bn,
