Songa Offshore SE : Report for the first quarte...

Songa Offshore SE ("Songa" or the "Company") reports a profit for the first quarter of 2012 of USD 11.3 million.

Operating revenue for the first quarter was USD 133.6 million. This includes mobilization and demobilization revenue of USD 2.2 million.

Total expenses for the first quarter were USD 93.2 million. EBITDA for the first quarter was USD 40.5 million. Net financial expenses for the first quarter were USD 2.2 million.

Earnings per share (EPS) and diluted earnings per share (DEPS) for the first quarter were USD 0.07.  

Average number of shares for the quarter was 167,712,544, and as per end of the period the outstanding number of shares was 167,712,544.

Please see attached the Q1 2012 Report. 

Limassol, 14 May 2012 

Board of Directors

Songa Offshore SE

Questions should be directed to:

Geir Karlsen, CFO [phone] / [phone]

 

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

Songa Offshore Q1 2012 Report

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Source: Songa Offshore SE via Thomson Reuters ONE

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