Songa Offshore SE Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2015; Reports Impairment Charges for the Third Quarter Ended September 30, 2015
For the nine months, the company reported operating revenue of USD 292,388,000 compared to USD 353,947,000 a year ago. Total revenues were USD 354,443,000 compared to USD 415,283,000 a year ago. EBITDA was USD 177,789,000 compared to USD 168,502,000 a year ago. LBIT was USD 248,790,000 compared to EBIT of USD 24,962,000 a year ago. Loss before tax was USD 301,003,000 compared to USD 1,164,000 a year ago. Loss for the period was USD 311,458,000 compared to USD 6,388,000 a year ago. Basic and diluted loss per share was USD 0.03 compared to USD 0.01 a year ago. Net cash generated from operating activities was USD 75,249,000 compared to USD 83,540,000 a year ago. Purchase of property, plant and equipment was USD 1,092,331,000 compared to USD 98,503,000 a year ago.
For the third quarter, the company reported impairment charge of USD 328,283,000 compared to USD 1,254,000 a year ago.