Songa Offshore SE announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported total revenues of $108,321,000 compared to $154,653,000 a year ago. EBITDA was $53,559,000 compared to $65,661,000 a year ago.

EBIT was $20,170,000 compared to $11,202,000 a year ago. Loss before tax was $9,057,000 compared to profit before tax of $3,480,000 a year ago. Loss for the period was $11,269,000 or $0.01 per basic and diluted share compared to profit for the period of $1,420,000 or $0.002 per basic and diluted share a year ago.

Net cash used in operating activities was $15,066,000 compared to net cash provided by operating activities of $44,655,000 a year ago. Purchase of property, plant and equipment was $63,127,000 compared to $27,526,000 a year ago. quarter 2014.

The decrease in revenue was primarily due to the absence of revenue contribution from Songa Venus and Songa Mercur of $43.0 million.