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Songa Offshore ASA (OSL:SONG) Songa Offshore ASA consolidated profit after tax for the second quarter 2008 was USD 25.5 million. Accumulated for the first six months of 2008 the after tax profit was USD 35.7 million.
Revenue for the second quarter was USD 82.7 million. Accumulated the revenue was USD 170.7 million.
Total expenses for the second quarter were USD 25.4 million, the low figure is due to a USD 16.2 million gain posted under "other gain and loss" in second quarter. The latter figure is split between gain on financial instruments (USD 16.8 million) and USD 0.6 million of allowance for doubtful debt. Accumulated the total expenses was USD 73.7 million of which USD 4.2 million was posted under "other gain and loss" as a gain. EBITDA for the second quarter was USD 57.2 million. Accumulated EBITDA was USD 97.0 million.
Net financial expenses for the second quarter were USD 10.4 million. Accumulated net financial expenses were USD 21.9 million.
Earnings per share (EPS) for the second quarter were USD 0.29. Accumulated earnings per share (EPS) were USD 0.41. Diluted earnings per share (DEPS) for the second quarter were USD 0.26. Accumulated diluted earnings per share (DEPS) were USD 0.37.
