The Oslo-listed offshore vessel owner booked net profit of$3.2m in the three months to 31 December up from $926,000 in the final leg of2012.
The improvement was largely down to lower financial items of$2.8m compared to $5.9m.
Earnings before interest, tax, depreciation and amortisation(ebitda) dipped to $13.7m from $16.6m.
Revenue fell by around 25% to $29.8m in the final leg of2012 following the sale of 50% of its Brazilian business at the end of May lastyear.
