India: Great Offshore Ltd. Reports 2.38 Per Cent in Net Profit

Integrated offshore oilfield services provider Great Offshore on Tuesday reported a marginal growth of 2.38 per cent in net profit to Rs 73.05 crore for the fourth quarter ended March 2010.

The company had a net profit of Rs 71.35 crore in the same period of the pre-vious financial year.

Total income of the com¬pany rose to Rs 278.52 crore for the March quarter compared to Rs 269.65 crore for the same period of the corresponding financial year, Great Offshore said in a filing for The Bombay Stock Exchange

Great Offshore is India’s prominent integrated offshore oilfield services provider offering a broad spectrum of services to upstream oil and gas producers to carry out offshore exploration and production (E&P) activities. From drilling services to marine and air logistics, from marine construction to port/terminal services and beyond, Great Offshore meets a wide gamut of the offshore requirements of an E&P operator.

Since commissioning its operations in 1983, Great Offshore has serviced major E&P operators in India as well as in the international waters of the North Sea, the Middle East, South Africa and South East Asia with its state-of-the-art vessels that include exploratory rigs, offshore support vessels, anchor handling tug supply vessels and a construction barge. They also provide port and terminal support services through a fleet of harbour tugs.

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Source: Presstrustofindia,April 21, 2010;

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