Net income was $10.2m versus the $9.6m seen a year ago. Revenue during the quarter increased 27% year-on-year to $402m. Costs rose 7% to $336.7m.
EMAS AMC, Ezra’s Subsea Services division, was the main driver behind the increased revenues as it posted its fourth of operational profitability.
This is due to higher fleet capacity following the delivery of Lewek Express and Lewek Centurion in the last quarter of last year.
“Our
