EMAS Offshore Limited Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended August 31, 2015
For the year, the company reported revenue or $247,171,000 against $285,035,000 a year ago. Profit from operations was $194,719,000 against $35,810,000 a year ago. Profit before income tax was $207,517,000 against $30,701,000 a year ago. Profit after income tax was $199,544,000 against $27,491,000 a year ago. Earnings per share were 0.47 cents against 0.10 cents a year ago. Net cash flow used in operating activities was $8,944,000 against $19,414,000 a year ago. Purchase of property, plant and equipment was $37,611,000 against $84,285,000 a year ago. EBITDA was $266,899,000 against $74,443,000 a year ago. EBIT was $221,086,000 against $39,921,000 a year ago. Return on equity was 47.0% against 8.8% a year ago. Net interest bearing debt was $557,195,000 against $401,458,000 a year ago. Net asset value per ordinary share was $1.22 as on August 31, 2015 against $2.84 as on August 31, 2015.