Reuters logo
Rig contractor Diamond Offshore posts quarterly profit
February 6, 2017 / 11:11 AM / 9 months ago

Rig contractor Diamond Offshore posts quarterly profit

Feb 6 (Reuters) - Rig contractor Diamond Offshore Drilling Inc reported a profit, compared with a year-ago loss, when it recorded a charge of $499 million.

The company’s net income was $73.1 million, or 53 cents per share, for the quarter ended Dec. 31, compared with a loss of $245.4 million, or $1.79 per share, a year earlier.

Net income in the latest quarter included 26 cents per share benefit attributable to a contract dispute settlement with a client in the North Sea, Diamond Offshore said on Monday.

The Houston-based company’s total revenue fell 29.5 percent to $391.9 million. (Reporting by Vishaka George in Bengaluru; Editing by Sriraj Kalluvila)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below