Gulf Marine Services posted a 9 per cent rise in full-year profit, helped by strong demand for its jackup barges.

The oilfield services company, which builds and operates self-propelled, self-elevating jackup barges for the oil and gas industry, said net profit rose to $75.6 million from $69.4 million a year earlier.

Revenue for the year ended December 31 rose 7 per cent to $196.6 million.  - Reuters