Deep Sea Supply Plc reported unaudited earnings results for the second quarter of 2016. For the quarter, the company reported consolidated revenues of USD 11.6 million and EBITDA of USD 1.3 million Excluding non-recurring items, pre-tax profit was negative USD 13.2 million. Pre-tax loss of USD 30.8 million includes extraordinary impairments of book value of vessels of USD 17.6 million. Comparing second 2016 financial figures with first quarter of 2016, revenues decreased by USD 4.9 million. The main reason for this was lower utilization due to vessels coming off long term charters not being replaced by new contracts and lower rates. Cash generated from operations was USD 9,446,000 compared to USD 45,143,000 a year ago. Net interest bearing debt was USD 392.8 million by the end of second quarter 2016, which is a decrease of USD 14.5 million from end of fourth quarter 2015 due to ordinary repayment of borrowings and prepayment of borrowings related to sale of vessels.