EMAS Offshore Limited announced unaudited consolidated earnings results for the third quarter and nine months ended May 31, 2016. For the quarter, the company reported revenue of $35,076,000 against $59,241,000 a year ago. The decrease was mainly due to general weakness in the offshore industry. Loss from operations was $19,717,000 against profit of $1,893,000 a year ago. Loss before income tax was $22,807,000 against profit of $5,787,000 a year ago. Total comprehensive loss attributable to equity holder of the company was $22,568,000 against $4,468,000 a year ago. Loss per share was 0.05 cents against earnings per share of 0.01 cents a year ago. Net cash flow generated from operating activities was $1,570,000 against net cash used in operating activities of $10,018,000 a year ago. Purchase of property, plant and equipment was $27,062,000 against $12,962,000 a year ago. For the nine months, the company reported revenue of $115,337,000 against $192,863,000 a year ago. Loss from operations was $164,905,000 against profit of $157,450,000 a year ago. Loss before income tax was $166,039,000 against profit of $166,851,000 a year ago. Total comprehensive loss attributable to equity holder of the company was $168,074,000 against total comprehensive loss attributable to equity holder of the company of $120,349,000 a year ago. Loss per share was 0.38 cents against earnings per share of 0.39 cents a year ago. Net cash flow generated from operating activities was $35,920,000 against net cash flow used in operating activities of $8,528,000 a year ago. Purchase of property, plant and equipment was $104,036,000 against $16,957,000 a year ago. LBITDA was $112,816,000 against EBITDA of $209,949,000 a year ago. LBIT was $150,719,000 against EBIT of $176,440,000 a year ago. Return on equity was 37.0% against 39.7% a year ago. Net interest bearing debt as at May 31, 2016 was $558,893,000. Net asset value per ordinary share was $0.84 as on May 31, 2016.