Kjell Inge Rokke’s Ocean Yield has reported a 27.5% increase in third quarter net profit, but has warned of weaker results ahead.

The Oslo-listed leasing company reported net income of $39.9m against the $31.1m reported in the corresponding period in 2017.

However, it said revenues and net profit going forward will be negatively impacted by the expiry of the contract for the FPSO Dhirub­hai-1.