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Rowan Revenue Jumps on New Rig Performance

Posted by May 6, 2015

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

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