Caverton Offshore Support Group Plc announced unaudited group earnings results for the first half ended June 30, 2016. For the period, the company's revenue was down 23% year-on-year to NGN 9.14 billion. Operating loss was NGN 1.62 billion lower. As on date, the company's net debt was NGN 15.2 billion. Loss after tax was NGN 2.43 billion or NGN 0.73 per share. Group revenues slowed largely due to the deteriorating business environment in the Offshore Supply Vessels market (OSV).