Maurel & Prom reported consolidated earnings results for the half year ended June 30, 2015. For the period, the company reported sales of EUR 157.8 million against EUR 295.5 million a year ago. EBITDA was EUR 68.2 million against EUR 239.5 million a year ago. LBIT was EUR 32.8 million against EBIT of EUR 156.2 million a year ago. Consolidated net loss was EUR 43.7 million against net income of EUR 59.3 million a year ago. Cash flow used in business activities was EUR 21.2 million against cash flow from business activities of EUR 198.4 million a year ago. Group sales were down in the first half of 2015 compared with the first half of 2014, primarily because of the drop in the oil price, but also because of curbs on production to allow for various technical operations to address transport problems.

As a result of continuing with its policy, the Group is expected to show positive earnings and operating cash-flow from the second half of 2015, based on the assumptions adopted.