Sevan Drilling ASA announced unaudited consolidated earnings results for third quarter and nine months ended September 30, 2014. For the quarter, the company reported operating revenue of $69.8 million, operating loss of $0.8 million, loss before tax of $20 million, loss attributable to equity holders of the group of $21.1 million or $0.04 per basic and diluted share, compared to the operating revenue of $64.2 million, operating loss of $2.2 million, loss before tax of $15.7 million, loss attributable to equity holders of the group of $68.6 million or $0.12 per basic and diluted share, for the same quarter a year ago.

For the year to date, the company reported operating revenue of $218.5 million, operating profit of $24.3 million, loss before tax of $20.8 million, loss attributable to equity holders of the group of $22.3 million or $0.04 per basic and diluted share, net cash used in operating activities of $3.6 million, purchases of property, plant and equipment and other non-current assets of $27.2 million compared to the operating revenue of $184 million, operating loss of $2.9 million, loss before tax of $75.3 million, loss attributable to equity holders of the group of $128.2 million or $0.23 per basic and diluted share, net cash used in operating activities of $14.7 million, purchases of property, plant and equipment and other non-current assets of $52.3 million for the same period a year ago.