July 29, 2013 / 10:29 PM / 4 years ago

Ensco 2nd-qtr profit climbs on rising offshore rig rates

1 Min Read

July 29 (Reuters) - Offshore drilling contractor Ensco Plc reported on Monday a 6 percent rise in quarterly profit as the rates paid for its rigs improved on the back of stronger worldwide demand for their services.

Second-quarter net profit rose to $361 million, or $1.55 per share, from $341 million, or $1.45 per share, a year earlier. Revenue rose 17 percent to $1.25 billion.

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