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Gulf Marine Services profit up

DUBAI, March 24, 2015

Gulf Marine Services posted a 9 per cent rise in full-year profit, helped by strong demand for its jackup barges.

The oilfield services company, which builds and operates self-propelled, self-elevating jackup barges for the oil and gas industry, said net profit rose to $75.6 million from $69.4 million a year earlier.

Revenue for the year ended December 31 rose 7 per cent to $196.6 million.  - Reuters




Tags: Barges | Gulf Marine Services |

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