Its net earnings of Nkr550.3 million ($90.3 million) were down from Nkr615 million a year ago - though an increase of 24% on the previous quarter’s result of Nkr444.5 million - as revenue rose to Nkr1.79 billion from Nkr1.74 billion in the same period of 2012.
Operating costs acted as a dampener on rising dayrate earnings for Fred Olsen’s semi-submersible rigs, increasing to Nkr853 million from nearly Nkr800 million a year earlier and about the same level in the previous quarter.
Its
