Songa Offshore SE announced unaudited consolidated earnings results for fourth quarter and full year ended Dec. 31, 2015. For the quarter, the company reported operating revenue of $132,097,000, total revenues of $158,960,000, EBITDA of $103,302,000, EBIT of $74,672,000, profit before tax of $60,776,000, profit for the period of $33,868,000, compared to the operating revenue of $64,991,000, total revenues of $79,469,000, EBITDA of $28,880,000, LBIT of $6,778,000, loss before tax of $56,147,000, loss for the period of $51,020,000, for the same quarter a year ago. Basic and diluted earnings per share were $0.04 against basic and diluted loss per share of $0.06 a year ago. EBITDA is due to higher revenue primarily from the Songa Trym contract cancellation fee. The increase in revenue is primarily due to Songa Trym contract cancellation fee of $41.1 million, revenue contribution from Songa Equinox from 7 December, and from Songa Dee being out of service for the SPS for a period in the fourth quarter 2014.

For the year, the company reported operating revenue of $424,485,000, total revenues of $513,403,000, EBITDA of $281,091,000, LBIT of $174,118,000, loss before tax of $240,226,000, loss for the period of $277,590,000, net cash generated from operating activities of $144,320,000, purchase of property, plant and equipment of $1,649,277,000 compared to the operating revenue of $418,614,000, total revenues of $494,752,000, EBITDA of $196,558,000, EBIT of $17,360,000, loss before tax of $56,566,000, loss for the period of $56,663,000, net cash generated from operating activities of $42,364,000, purchase of property, plant and equipment of $237,821,000 for the previous year. Basic and diluted loss per share was $0.32 against $0.07 a year ago.

For the quarter, the company reported impairment of $582,000 against $7,681,000 a year ago.