Net profit for the three months to the end of March was $68.1 million as against the year-ago sum of $49.5 million.
This was due to a leap in revenues from $333.5 million as compared with $394.2 million.
Expenses climbed from $268.7 million to $303.8 million with cost of operations the largest climber.
Rowan said it sees continued strong demand in the jack-up market, especially for high-specification units, while there are also encouraging signs for the ultra-deepwater market.
It also said that earnings are likely to be stronger from next year going forward.
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