Sevan Drilling Limited announced unaudited consolidated earnings results for the first quarter ended March 31, 2017. For the quarter, the company announced operating revenue of USD 55.1 million compared to USD 52.8 million for the same period a year ago. Operating profit was USD 10.3 million compared to operating loss of USD 4.7 million for the same period a year ago. Loss before tax was USD 7.3 million compared to USD 21.5 million for the same period a year ago. Net loss attributable to equity holders of the company was USD 7.5 million or 0.25 cents per basic and diluted share compared to USD 20.4 million or 0.69 cents per basic and diluted share for the same period a year ago. Net cash generated from operating activities was USD 29.8 million compared to USD 0.4 million for the same period a year ago. EBITDA was USD 25.4 million compared to USD 12.7 million for the same period a year ago. The increase in revenue is primarily due to improved operating performance on the Sevan Brasil.