REPORT FOR THE SECOND QUARTER 2010
(Thomson Reuters ONE) -
Songa Offshore SE ("Songa") reports total comprehensive income for the second
quarter of 2010 of USD 11.9 million.
Revenue for the second quarter was USD 139.0 million. This includes mobilization
and demobilization revenue of USD 12.1 million.
Total expenses for the second quarter were USD 93.3 million. The figure includes
a non operational gain of USD 2.0 million posted under "other gain and loss".
The "other gain and loss" is split between a loss on flippable swap of USD 1.6
million, loss on buy back/settlement of bonds of USD 1.0 million, gain on
allowances for doubtful debt of USD 3.9 million, USD 0.4 million in currency
gain and USD 0.3 million in gain on disposal of assets.
EBITDA for the second quarter was USD 45.7 million. This figure is after taking
into effect "other gain and loss".
Net financial expenses for the second quarter were USD 7.7 million.
Earnings per share (EPS) for the second quarter were USD 0.07. Diluted earnings
per share (DEPS) for the second 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.
Limassol, 9 August, 2010
Board of Directors
Songa Offshore SE
Questions should be directed to:
Geir Karlsen, CFO +47 23 01 14 24 / +47 91 60 83 32
Tom Jebsen, Senior Vice President +47 23 01 14 31 / +47 90 74 79 97
Please see the attached Q2 2010 Report
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
[HUG#1436579]
Songa Offshore SE Q2 2010 Report:
http://hugin.info/136777/R/1436579/381591.pdf
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Source: Songa Offshore SE via Thomson Reuters ONE
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Datum: 08.08.2010 - 20:34 Uhr
Sprache: Deutsch
News-ID 39056
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