The subsea services provider posted a net profit of $16.6 million for the three months to 30 September, compared to $10.4 million for the same period last year.

Revenue was up 69% to $76.9 million and cost of sales increased by 76% to $52.5 million.

Earnings before interest, taxes, depreciation and amortisation also grew by 59% to $23.7 million.

In addition, revenue for the nine months to 30 September reached $202.5