Mermaid Maritime's (SGX:DU4) attributable profit to owners grew to $16.5 million in Q3 from $1.1 million a year earlier, according to a Thursday filing with the Singapore Exchange.
Shares of the company were up nearly 5% in Friday trading.
Earnings per share remained unchanged at $0.0088.
Total income, meanwhile, grew to $153.8 million from $150.9 million.