Caverton Offshore posts N476.5 million profit for Q1

Caverton Offshore posts N476.5 million profit for Q1

Caverton Offshore Support Group PLC said it made a pretax profit of N476.5 million for the first quarter of 2018.

The result showed a sizeable improvement on its bottom line because it reported a pretax profit of N355.4 million in 2017 within the same quarter.

However, total revenue for the quarter fell to N4.56 billion compared to N5.10 billion posted in 2017.