The Oslo-listed engineering and fabrication contractor reported a quarterly net profit of Nkr265 million ($32.4 million), up from Nkr74 million a year earlier, even as revenue tumbled around a third to Nkr1.975 billion from Nkr2.858 billion in the same period of 2015 mainly due to lower activity within its process solutions division.
Its earnings before interest and tax, or operating profit, also rose from Nkr164 million to Nkr198 million year on year.
“Kvaerner's
