Offshore Accommodation Provider Prosafe Warns of Tougher Times as 4Q Beats

Reuters

OSLO, Feb 10 (Reuters) – Offshore accommodation provider Prosafe joined other suppliers to the offshore oil industry in warning of tougher times ahead as it reported fourth-quarter earnings that beat expectations on Monday.

Oslo-listed Prosafe's pre-tax profit rose to $60.1 million from $40.6 million at the same time a year ago, ahead of analysts' forecast for $47.3 million.

The firm offered a dividend of one crown per share.

(Reporting by Gwladys Fouche, editing by Terje Solsvik)

Copyright 2016 Thomson Reuters. Click for Restrictions.

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