Net income was just over $4m for the three months ended 31 March 2014 versus the $6.9m achieved the year before.

Revenue declined 8.6% year-on-year to $35.3m. However, when the sale of the Brazilian fleet is factored in, operating revenue of $53.19m is ahead of the $38.71m at this point last year and the $43.56m in the final quarter of 2013.

Finn