Solstad Offshore remains in thrall to weak offshore markets, with third-quarter operating profit and revenue lower than last year's levels.

The Oslo-listed company reported a net profit of NOK 130.3m ($15.8m), against a NOK 228.2m loss in the same period of 2015.

Last year's results were affected by one-time items such as currency gains and losses. Operating profit was NOK 117.9m compared to NOK 286.5m