The Oslo-listed offshore vessel owner booked a net profit ofNOK 127.2m ($20.5m) for the three-month period up from NOK 122.8m in the third quarter of 2012.
Operating profit saw a sharper increase to NOK 283.2 fromNOK 213.6m due to a larger fleet.
Revenue also rose to NOK 1.07bn from NOK 958.8m.
“The activity level offshore continues to show a positivetrend, and in some regions (the Gulf of Mexico and West Africa) it has beengood balance between supply and demand this quarter,” Farstad said in astatement.
