Sea Production Ltd. Announces Unaudited Consolidated Earnings Results for the First Quarter of 2018
Sea Production Ltd. announced unaudited consolidated earnings results for the first quarter of 2018. For the quarter, the company reported total operating revenues of $4,679,000 against $7,012,000 a year ago. Profit before depreciation was $4,202,000 against $5,597,000 a year ago. Net operating profit was $2,873,000 against $3,668,000 a year ago. Net profit attributable to equity holders of the company was $51,000 against loss of $12,871,000 a year ago. Cash used in operating activities was $994,000 against cash generated from operating activities of $1,925,000 a year ago.