GOL Offshore Limited reported unaudited standalone earnings results for the third quarter and nine months ended December 31, 2015. For the quarter on standalone basis, income from operation was INR 1,835.5 million against INR 2,687.9 million a year ago. Profit from operation before other income, finance cost and exceptional item was INR 209.0 million against INR 334.8 million a year ago. Loss from ordinary activities before tax was INR 216.2 million against INR 166.7 million a year ago. Net loss was INR 196.2 million or INR 5.27 per basic and diluted share against INR 165.8 million or INR 4.45 per basic and diluted share a year ago.

For the nine months, income from operation was INR 7,730.2 million against INR 7,472.4 million a year ago. Profit from operation before other income, finance cost and exceptional item was INR 825.8 million against INR 1,446.4 million a year ago. Loss from ordinary activities before tax was INR 496.3 million against INR 68.8 million a year ago. Net loss was INR 454.6 million or INR 12.21 per basic and diluted share against net profit of INR 157.6 million or INR 4.23 per basic and diluted share a year ago.