Bonheur has posted a positive result in the fourth quarter, overturning a big loss in the corresponding period of 2015.

The Fred Olsen company booked after-tax profit of NOK 31m ($3.7m) from October to December, against a loss of NOK 1.1bn a year earlier.

Its drilling offshore segment was the main contributor to this result with a quarterly profit of NOK 72m, compared to a loss of NOK 277m.

Bonheur’s