Revenues rose to around $219.7 million during the quarter compared to $155.8 million in the year-ago period thanks to the addition of the ultra-deepwater drillship Tungsten Explorer last September.
On a six-month basis profit ran to $35 million versus a $118.98 million loss in the first six months of 2013.
Chief executive Paul Bragg said that the company had paid down debts of $57 million during the quarter as part of a strategy to reduce its debt load this year on the back of a contracted backlog for its fleet.
Utilisation
