Songa Offshore SE : Report for the First Quarter 2013
(Thomson Reuters ONE) -
Songa Offshore SE ("Songa") reports operating revenue for the first quarter
2013 of USD 124.8 million, and a profit of USD 9,4 million.
"The results show that we have now definitely put a challenging period behind
us. I am proud and happy to hand Songa over to a new CEO in a state of profit.
All rigs are operational with a very high utilisation, and we have good control
of all business processes, including the Category D new build programme," says
interim CEO and Chairman of the Board, Jens A Wilhelmsen.
The focus for Songa going forward will be the continuous improvement of rig
operations and to finance the new build program.
"With the upgrade projects on the rigs behind us, we are now in a position where
we should generate a good cash flow from our existing rigs going forward. This
is very important with regards to the financing of our new build programme",
says Songa's CFO, Geir Karlsen.
Limassol, 16 May 2013
Board of Directors
Songa Offshore SE
Questions should be directed to:
Jens A Wilhelmsen, CEO and Chairman +357 976 49126
Geir Karlsen, CFO +47 23 01 14 24 / +47 91 60 83 32
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
Songa Offshore Q1 2013 Report:
http://hugin.info/136777/R/1702449/562559.pdf
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(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Songa Offshore SE via Thomson Reuters ONE
[HUG#1702449]
Unternehmensinformation / Kurzprofil:
Datum: 16.05.2013 - 08:15 Uhr
Sprache: Deutsch
News-ID 260728
Anzahl Zeichen: 2055
contact information:
Town:
Oslo
Kategorie:
Business News
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