The Oslo-listed spin-off of Singapore-based offshore vesselowner Ezra Holdings booked a net profit of $11.1m for the financial year ended31 August, compared to a loss of $12.4m in the previous year.
The reversal came despite the company seeing a huge drop inrevenue to $43.1m from $132.9m.
EOC improved its bottom line partly thanks to the sale of a51% stake in an FPSO to Malaysian energy firm Perisai Petroleum Teknologi (PPT)for $89m.
As
