Great Offshore : An an integrated offshore oilfield services provider, reported a marginal rise in its standalone net profit for the third quarter ended December 2008. During the quarter, the profit of the company rose 4.87% to Rs 577.20 million from Rs 550.40 million in the same quarter, previous year.

Net sales for the quarter jumped 42.19% to Rs 2,758.30 million, while total income for the quarter rose 33.71% to Rs 2,696.20 million, when compared with the prior year period.

The company posted earnings of Rs 14.35 a share during the quarter, registering 0.62% decline over prior year period.

During the quarter, interest cost increased 9.06% to Rs 229.90 million while depreciation cost fell 9.44% to Rs 237.90 million over previous year period.