Netincome at the Singapore-based offshore vessel operator was up 24.7%year-on-year to $5.9m, it disclosed.
Revenue was up 9.2% to $8.9m, while costs forthe quarter showed a large decrease of 46.5% to $1.4m.
Itsaw higher utilization during the quarter versus the same period a year agowhen two vessels were drydocked for their first mandatory surveys.
TheSingapore-listed company said the OSV market remains stable and that its fleetis enjoying healthy utilization.
Separately,CH Offshore said its legal proceedings against Venezuelan national oil companyPDVSA over unpaid charter fees is set to go to trial on 20 April 2015.
Itis seeking to recoup $56m from PDV Marina and shipbuilder Astilleros DeVenezuela (Astivenca) including interest.
The case, which will be held in a London court,relates to unpaid fees on the 159-tbp Amethyst (built 2007) and 158-tbpTurquoise (built 2007).
