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Falcon's Q2 net soars on one-off disposal income

Sale of two jack-up rigs made up almost 70% of revenue
Wednesday, November 6, 2013 - 06:00

THANKS to a dramatic boost to revenue from the disposal of two jack-up rigs, Falcon Energy posted a second-quarter net profit of US$38.9 million, against just US$1.9 million a year earlier. The marine and oilfield services firm's July-September quarter profit represents earnings per share of 4.

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