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    Tidewater reports fall in profit despite increase in revenue

    News // January 23, 2004
    Tidewater in the US says it earned US$18.3 million, or 32 cents a share, below last year's earnings of US$23.6 million, or 42 cents a share.

    Interest and other debt costs for the latest quarter came in at US$920 million, compared with prior-year costs of $109 million.

    Revenue reached US$169.4 million in the third quarter, above last year's revenue of US$163 million.

    Analysts expected the company to report revenue of US$170 million in the third quarter.

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