Sevan Drilling ASA Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015
For the six months, operating revenue was $182.5 million, EBITDA was $90.4 million, operating profit was $52.8 million, profit before tax was $18.1 million and net profit attributable equity holders of the company was $15.9 million or $0.535 per basic and diluted share against operating revenue of $148.7 million, EBITDA was $56.5 million, operating loss of $25.1 million, loss before tax of $0.8 million and net loss attributable equity holders of the company of $1.2 million or $0.040 per basic and diluted share for the same period a year ago. Net cash generated in operating activities was $38.2 million against net cash used in operating activities $15.2 million a year ago. Purchases of property, plant and equipment (PPE) was $11.9 million against $23.3 million a year ago.