Prosafe reports positive operating result for third quarter

Norwegian offshore company Prosafe, which owns and leases hotel rigs, went forward on all accounts in this year's third quarter, helped along by higher utilization rates.

Photo: Prosafe

Prosafe increased its revenue and booked black figures on its third quarter operating income.

The company, which owns and leases accommodation rigs to the offshore industry, recorded third quarter revenue totaling USD 73.6 million against USD 68.9 million in the same quarter of 2017, shows Prosafe's interim report Tuesday.

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