Earnings before interest, tax, depreciation and amortisation fell sharply from $7.3 million to a loss of $3.5 million.
Revenues were also down 45% year-on-year, from $43.2 million to $23.6 million.
The Norwegian vessel contractor said the fall in revenues was due to the steaming of the BOA Galatea to Mexico and the EM Leader to Angola. A higher amount of time was spent on multi-client work during the quarter, the company added.
However,
