Sea Production Ltd. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year to Date Ended 2015
Sea Production Ltd. announced unaudited consolidated earnings results for the fourth quarter and year to date ended 2015. For the quarter, the company reported total operating revenues of $3,169,000 against $4,702,000 a year ago. Profit before depreciation was $2,513,000 against $2,056,000 a year ago. Net operating loss was $1,726,000 against $1,192,000 a year ago. Net loss attributable to equity holders of the company was $10,074,000 against $8,643,000 a year ago. Cash generated from operating activities was $16,750,000 against $21,773,000 a year ago. Purchases of property, plant and equipment was $19,394,000 against $1,633,000 a year ago.
For the year to date, the company reported total operating revenues of $15,895,000 against $18,656,000 a year ago. Profit before depreciation was $10,593,000 against $11,064,000 a year ago. Net operating loss was $4,538,000 against $4,036,000 a year ago. Net loss attributable to equity holders of the company was $36,063,000 against $20,702,000 a year ago. Cash generated from operating activities was $16,716,000 against $28,805,000 a year ago. Purchases of property, plant and equipment was $34,742,000 against $1,633,000 a year ago.