A record number of front-end contracts saw Aker Solutions post a boost to its pre-tax earnings for the first quarter of 2018.
The energy services firm’s income before tax was £14.2million, up from £8.2million the previous year.
Aker says that is down to a range of factors, including being awarded a quarterly record of 38 fornt-end contracts.
It is also being attributed to increasing signs of market recovery, with the Norwegian firm saying its order intake has almost doubled, with a backlog of £3.3billion.
Chief Executive Luis Araujo said: “We are seeing increasing signs of a market rebound as lower break-even costs and higher oil prices spur project sanctions, particularly in Norway.
“Our consistently strong execution and solid cost-efficiency improvements are supporting margins amid tough international competition.”
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