The company reported soaring net profit of DKK 79m ($14m) from DKK4m during the same period last year.
Earningsbefore tax and impairments (ebitda) improved by 5% to DKK 307m while revenueedged up 3% to DKK 3bn.
“We are pleased with the improved financialperformance and the successful reversal of the trend in North Sea,” explainedCEO Niels Smedegaard in an earnings statement.
“We had aimed to achieve a largerimprovement, but the current unsustainable competitive situation on the Channelreduced financial performance."
He
