Siem Industries Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014
For the six months, the company reported operating revenues of $91,329,000 compared to $86,100,000 a year ago. Total income was $269,491,000 compared to $148,982,000 a year ago. Income before income tax expense was $175,813,000 compared to $49,839,000 a year ago. Net income attributable to holders of common shares was $174,173,000 or $11.50 per basic and diluted share compared to $48,388,000 or $3.17 per basic and diluted share a year ago. Net cash provided by operating activities was $4,052,000 against $30,825,000 a year ago.