Profit rises.

Kathimerini English - - Business & Finance -

DryShips Inc, a Greek owner of deep­wa­ter drilling rigs and ves­sels that haul iron ore and coal, re­ported that first-quar­ter profit rose as rev­enue from oil rigs in­creased. Net in­come in­creased to $25.8 mil­lion, or 7 cents a share, from $13.3 mil­lion, or 4 cents, a year ear­lier, the Athens-based com­pany said yes­ter­day in a state­ment. Rev­enue rose 6.8 per­cent to $207.4 mil­lion from $194.2 mil­lion. Ex­clud­ing items such as in­ter­est rate swaps, ad­justed net in­come was $56.1 mil­lion, or 15 cents a share, down from $67.6 mil­lion, or 27 cents, a year ear­lier. On that ba­sis, the es­ti­mate of 12 an­a­lysts sur­veyed by Bloomberg was 17 cents. DryShips di­ver­si­fied its rev­enue sources by en­ter­ing the off­shore oil-drilling rigs mar­ket. Rev­enue from

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