The Oslo-listed company said net profit wasNOK 3.8m ($638,000) versus a loss of NOK 2.6m seen a year earlier, in results released Tuesday.
The company saidrevenue was NOK 48m versus only NOK 1.2m a year ago as it secured threecontracts during the quarter.
Reachended the quarter with an orderbook exceeding NOK 450m, of which about NOK 200mis related to work for the last three quarters of 2014.
It said it had seen “increased tender activity” inthe quarter and said it had participated in several short and long-term tenderprocess for work in 2014 and beyond.
