Rowan Revenue Jumps on New Rig Performance
Rowan Companies Plc's quarterly profit more-than doubled, helped by revenue from three new ultra-deepwater rigs.
The company's revenue rose 45 percent to $547 million for the quarter ended March 31.
Net income rose to $123.7 million, or 99 cents per share, from $59.6 million, or 48 cents per share, a year earlier. (Reporting by Sneha Banerjee in Bengaluru