The seismic player posted a net income before tax of $15.4 million for the three months ended 30 September, compared to $16.4 million last year.

Earnings before interest, tax, depreciation and amortisation were down by 38% to $26.4 million.

Despite these results, revenue was up from $61.2 million to $70.1 million year-on-year.

According to Dolphin chief executive Atle Jacobsen, the increase in revenue was primarily driven by improved contract prices and high vessel efficiency.

However,