Siem Industries Inc. reported audited consolidated earnings results for the year ended December 31, 2014. For the year, total income was $510.113 million against $357.016 million a year ago. Income before income tax expense was $262.760 million against $160.564 million a year ago.

Net income attributable to holders of common shares was $260.832 million or $17.23 per basic and diluted share against $159.337 million or $10.47 per basic and diluted share a year ago. Net cash provided by operating activities was $10.682 million against $62.059 million a year ago. Capital expenditures for vessels, shipping related assets and other was $6.525 million against $39.980 million a year ago.