Houston: Diamond Offshore Drilling has reported a net income of US$310.7 million for the third quarter of 2008 compared with a net income of US$205.5 million in 2007.
Revenue in the third quarter of 2008 was US$900 million, compared with revenue of US$644.0 million for the third quarter of 2007. Net income for the third quarter of 2008 was adversely impacted by losses of US$25.1 million related to foreign currency forward exchange contracts and a casualty loss of $6.3 million related to damages sustained from Hurricane Ike. For the nine months ended September 30, 2008, the company reported net income of US$1,017.6 million compared with net income of US$681.6 million for the same period in 2007. Revenue for the nine months ended September 30, 2008, was $2.6 billion. The Company also announced that it has signed a two year contract with energy company Total E&P Angola for the fourth generation semi-submersible ‘Ocean Valiant’ that could earn maximum revenue, excluding mobilization fees, totaling approximately US$452 million.
Read More
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment