STX OSV Holdings has reported a 52% increase in profit to NKr557m ($96.94m) for the third quarter of 2011 compared with the NKr724.6m ($63.70m) it recorded in Q3 2010.

The Norway-based shipbuilder’s third quarter revenue increased by 57% to NKr3.35bn ($583.07m) compared with NKr2.14bn ($372.47m) for the same peiord in 2010.

For the third quarter of 2011 the company posted EBITDA of NKr589m ($102.51m), an increase of 48% compared with the prior year’s NKr397m ($69.09m).

STX OSV received orders worth $883m for 14 vessels in the first nine months of the year compared with the NKr12.6bn ($2.1bn) worth of orders it won in the whole of 2010.

Thee company won orders worth NKr809m ($140m) during third quarter, and has won two more confirmed contracts since then.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.