Ultrapetrol (Bahamas) Limited  announced financial results for the first quarter ended March 31, 2016. For the quarter, the company reported total revenues of $67.097 million against $84.573 million a year ago. Operating profit was $3.975 million against $4.813  million a year ago. Loss  before income tax was $14.283 million against $5.420 million a year ago. Net loss attributable to  the company was $17.100 million against $5.107 million a year ago. Net cash  used in operating activities was $1.435 million against net cash   provided by operating activities of $0.903 million a year ago. Purchase of vessels and equipment was $1.889 million against $9.344 million a year ago. Adjusted consolidated EBITDA was $14.258 million against $15.239 million a year ago. EPS as reported  was $0.12 against $0.04 a year ago. Adjusted net loss was $17.682 million against $4.444 million a year ago. Adjusted EPS was $0.13 against $0.03 a year ago.