Deep Sea Supply Plc reported Unaudited consolidated earnings results for the third quarter and nine months 30 September 2015. For the quarter, the company reported operating revenue of $33.582 million against $43.967 million a year ago. EBITDA was $18.672 million against $23.003 million a year ago. EBIT was $6.892 million against $12.413 million a year ago. Pre-tax result was $0.940 million against $6.250 million a year ago. Profit for the period was $0.878 million against $6.187 million a year ago. Earnings per diluted share was $0.00 against $0.04 a year ago. Main reasons for the reduced Revenues were lower utilization due to vessels coming off long term charters and lower rates. Net interest bearing debt was $414.1 million by the end of third quarter of 2015, which is a decrease of $45.9 million from end of the fourth quarter of 2014 due to increased cash position and repayment of borrowings.

For the nine months, the company reported operating revenue of $109.526 million against $118.995 million a year ago. EBITDA was $58.444 million against $61.844 million a year ago. EBIT was $23.836 million against $35.212 million a year ago. Pre-tax result was $6.478 million against $14.378 million a year ago. Profit for the period was $5.976 million against $14.266 million a year ago. Earnings per diluted share was $0.02 against $0.08 a year ago. Net cash generated from operations was $66.391 million against $54.189 million a year ago. Acquisitions and upgrades of property, plant and equipment was $5.213 million against $4.446 million a year ago.