Thecompany, backed by Seadrill’s billionaire owner John Fredriksen, reportedquarterly net income of $48 million, versus a year-earlier loss of $5.2million, as operating revenue increased 10% year on year to $310.4 million.
Itsfull-year net profit rose 30% on the previous year to $235.6 million on 27%higher revenue of $1.32 billion.
NorthAtlantic saw a utilisation rate of 95% during the quarter for its current fleetof seven units- four semi-submersibles, two jack-ups and one drillship –working off Norway and the UK.
The
