Oslo-listed Solstad booked net income of NOK233.1m ($38.7m) for the three months to 30 September down by around 20% from NOK 292.1m inthe corresponding period a year earlier.

Finance expenses jumped to NOK 148m fromNOK 88.9m in the third leg of 2012.

Earnings before income tax, depreciationand amortisation (ebitda) was up 16% to NOK 510m from NOK 440m. 

Revenue rose to NOK 962m from NOK 884m thanksto higher vessel utilization and stronger charter rates.

Solstad