Sevan Drilling ASA Announces Unaudited Consolidated Earnings Results for Third Quarter and Nine Months Ended September 30, 2015
For the year to date, the company reported operating revenue of $280.9 million against $218.5 million a year ago. Operating profit was $94.5 million against operating loss of $24.3 million a year ago. Profit before tax was $42.2 million against loss before tax of $20.8 million a year ago. Net profit attributable to equity holders of the company was $42.3 million or $1.42 per basic and diluted share against loss of $22.3 million or $0.75 per basic and diluted share a year ago. Net cash generated from operating activities was $70.7 million against net cash used in operating activities of $3.6 million a year ago. Purchases of property, plant and equipment and other non- current assets was $16.9 million against $27.2 million a year ago.