Deep Sea Supply Plc reported unaudited consolidated earnings results for the first quarter ended March 31, 2016. For the quarter, the company reported operating revenue of $16,494,000 compared to $40,315,000 a year ago. LBITDA was $11,575,000 compared to EBITDA of $21,999,000 a year ago. LBIT was $21,060,000 compared to EBIT of $10,617,000 a year ago. Pre-tax loss was $25,420,000 compared to profit of $4,346,000 a year ago. Loss for the quarter was $25,470,000 or $0.01 per diluted share compared to profit of $3,913,000 or $0.01 per diluted share a year ago. Net cash generated from operating activities was $4,769,000 compared to $25,323,000 a year ago. Acquisitions and upgrades of property, plant and equipment was $66,000 compared to $2,603,000 a year ago. Net interest bearing debt was $391.4 million by the end of first quarter 2016, which is a decrease of $15.9 million from end of fourth quarter 2015 due to ordinary repayment of borrowings and prepayment of borrowings related to sale of vessels.