Ensco Plc Reports Profit Increase for Third Quarter 2014

Published at 05:38PM - 17/11/14

In a week that saw disappointing financial reports from a number of oil giants, Ensco Plc, the offshore drilling company, has reported an increase of 13pc in its quarter 3 profits, thanks to rising average day rates for rigs. Its net income grew to just over $429 million for quarter 3. In the same quarter of 2013, its net income stood at $378 million. Revenues rose by 8.5pc, up to $1.36 billion.

Last updated on 11:36AM - 24/11/14