Ultrapetrol Ltd. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015
For the six months, the company reported operating profit of $8,368,000, loss before income taxes of $8,753,000, net loss of $11,500,000 or $0.08 per share on total revenues of $180,667,000 against operating profit of $15,036,000, income before income taxes of $3,125,000, net loss of $1,987,000 or $0.01 per share on total revenues of $185,722,000 for the same period a year ago. Net cash provided by operating activities was $11,499,000 against $16,764,000 for the same period a year ago. Purchase of vessels and equipment was $19,427,000 against $31,475,000 for the same period a year ago. Adjusted EBITDA was $33,086,000 against $44,994,000 for the same period a year ago. Adjusted net loss was $11,588,000 or $0.08 per share against $1,633,000 or $0.01 per share for the same period a year ago. CapEx for the period ended June 30, 2015, disbursed in River Business $8.8 million for the construction of new barges for own use, $4.1 million in the construction of new line and 4 pushboats and $1.8 million in Paraná Iron and midstream transhipment station.