The Japanese FPSO owner is now banking on earning JPY 6.5bn ($67.43m) this financial year, better than the JPY 5.2bn it was previously looking for.

Its operating profit tip is unchanged at JPY 4.0bn.

Modec is particularly positive for the first half, where it is now projecting a profit of JPY 5.7bn, up 42.5% on its earlier bet.