Deep Sea Supply Plc 1Q 2012 Financial Report
15.05.2012
FINANCIALS 1Q 2012
Results Deep Sea Supply ("DESS" or "Company") reports consolidated revenues of MUSD 21.4 in 1Q 2012 compared to MUSD 24.0 in 1Q 2011. Total operating expenses in 1Q 2012 were MUSD 17.7, reduced from MUSD 23.1 in 1Q 2011. This resulted in EBITDA of MUSD 4.9 in 1Q 2012, compared to MUSD 2.0 in 1Q 2011. Following financial expenses of MUSD 5.5, the pre-tax result was a negative MUSD 6.9 in 1Q 2012, compared to a negative MUSD 14.3 in 1Q 2011. After taxes of MUSD 0.6, the total comprehensive income for 1Q 2012 is a negative MUSD 7.4.
cash flow
Cash flow from operations was MUSD 5.3 in 1Q 2012. Net proceeds from borrowings in the quarter were MUSD 7.8, while capital expenditure related to scheduled special surveys, upgrading and mobilizations to commence long term charters were MUSD 7.4. Interest paid was MUSD 4.9.
Cash and cash equivalents were MUSD 41.0 end of 1Q 2012 compared to MUSD 40.3 end of 4Q 2011. Net interest bearing debt was MUSD 408.2, up from MUSD 401.1 end of 4Q 2011.
- more here
http://www.deepseasupply.no/documents/1Q2012_DeepSeaSupply_FinancialReport.pdf
1Q 2012 Presentation
http://www.deepseasupply.no/documents/1Q2012_DeepSeaSupply_Presentation.pdf
http://www.deepseasupply.no/
15.05.2012
FINANCIALS 1Q 2012
Results Deep Sea Supply ("DESS" or "Company") reports consolidated revenues of MUSD 21.4 in 1Q 2012 compared to MUSD 24.0 in 1Q 2011. Total operating expenses in 1Q 2012 were MUSD 17.7, reduced from MUSD 23.1 in 1Q 2011. This resulted in EBITDA of MUSD 4.9 in 1Q 2012, compared to MUSD 2.0 in 1Q 2011. Following financial expenses of MUSD 5.5, the pre-tax result was a negative MUSD 6.9 in 1Q 2012, compared to a negative MUSD 14.3 in 1Q 2011. After taxes of MUSD 0.6, the total comprehensive income for 1Q 2012 is a negative MUSD 7.4.
cash flow
Cash flow from operations was MUSD 5.3 in 1Q 2012. Net proceeds from borrowings in the quarter were MUSD 7.8, while capital expenditure related to scheduled special surveys, upgrading and mobilizations to commence long term charters were MUSD 7.4. Interest paid was MUSD 4.9.
Cash and cash equivalents were MUSD 41.0 end of 1Q 2012 compared to MUSD 40.3 end of 4Q 2011. Net interest bearing debt was MUSD 408.2, up from MUSD 401.1 end of 4Q 2011.
- more here
http://www.deepseasupply.no/documents/1Q2012_DeepSeaSupply_FinancialReport.pdf
1Q 2012 Presentation
http://www.deepseasupply.no/documents/1Q2012_DeepSeaSupply_Presentation.pdf
http://www.deepseasupply.no/
