Songa Offshore SE reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2017. For the quarter, the company reported operating revenue of USD 171,590,000 against USD 210,566,000 a year ago. The decrease of USD 39.0 million is primarily due to the absence of revenue contribution from Songa Delta and Songa Dee of USD 31.8 million and USD 25.7 million respectively. Total revenues were USD 180,837,000 against USD 228,924,000 a year ago. EBITDA was USD 106,864,000 a year ago. EBIT was USD 53,911,000 against USD 101,657,000 a year ago. Profit before tax was USD 15,244,000 against USD 67,426,000 a year ago. Loss for the period was USD 24,877,000 against profit of USD 64,962,000 a year ago. Basic and diluted loss per share was USD 0.19 against earnings of USD 0.60 a year ago. Net cash generated from operating activities was USD 93,517,000 against USD 81,842,000 a year ago. Purchase of property, plant and equipment was USD 5,356,000 against USD 7,325,000 a year ago.

For the nine months, the company reported operating revenue of USD 517,330,000 against USD 691,704,000 a year ago. Total revenues were USD 509,330,000 against USD 566,461,000 a year ago. EBITDA was USD 296,782,000 a year ago. EBIT was USD 152,136,000 against USD 93,168,000 a year ago. profit before tax was USD 37,245,000 against loss of USD 13,089,000 a year ago. Loss for the period was USD 4,507,000 against USD 11,042,000 a year ago. Basic and diluted loss per share was USD 0.04 against USD 0.17 a year ago. Net cash generated from operating activities was USD 220,592,000 against USD 215,624,000 a year ago. Purchase of property, plant and equipment was USD 22,762,000 against USD 591,292,000 a year ago.

For the third quarter, the company reported impairment of USD 6,708,000.