FPSO operator BW Offshore returned to profit during the third quarter of the year.
Namely, according to the company’s financial report on Friday, net profit for the 2017 quarter was $3.9 million compared to a loss of $11.2 in the third quarter of 2016.
BW Offshore’s operating revenues for the quarter dropped to $152.7 million compared to $159.6 million in the prior-year period.
The company’s net debt at the end of the quarter was $1.5 billion.
Leave a Reply