Netincome at the Singapore-based offshore vessel operator was up 24.7%year-on-year to $5.9m, it disclosed.
Revenue was up 9.2% to $8.9m, while costs forthe quarter showed a large decrease of 46.5% to $1.4m.
Itsaw higher utilization during the quarter versus the same period a year agowhen two vessels were drydocked for their first mandatory surveys.
TheSingapore-listed company said the OSV market remains stable and that its fleetis enjoying healthy utilization.
Separately,CH
