Sevan Drilling Limited announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2016. For the quarter, operating revenue was $61.5 million, operating profit was $12.5 million, loss before tax was $6.0 million and net loss attributable equity holders of the company was $7.4 million or $0.25 per basic and diluted share against operating revenue of $99.4 million, operating profit of $33.0 million, profit before tax of $15.7 million and net profit attributable equity holders of the company of $13.7 million or $0.46 per basic and diluted share for the same period a year ago. EBITDA was $29.1 million compared to $52.1 million a year ago. The decrease in revenue is primarily due to the Sevan Driller being idle until it commenced a well service program at a lower rate during the quarter and Sevan Brasil at a reduced day rate for the full quarter. For the six months, operating revenue was $114.3 million, operating profit was $7.8 million, loss before tax was $27.5 million and net loss attributable equity holders of the company was $27.8 million or $0.94 per basic and diluted share against operating revenue of $182.5 million, operating profit of $52.8 million, profit before tax of $18.1 million and net profit attributable to equity holders of the company of $15.9 million or $0.53 per basic and diluted share for the same period a year ago. Net cash generated in operating activities was $44.8 million against $38.2 million a year ago. Purchases of property, plant and equipment and other non-current assets was $2.4 million against $11.9 million a year ago. EBITDA was $41.8 million compared to $90.4 million a year ago. The decrease in revenue is primarily due to the Sevan Driller being idle until it commenced a well service program at a lower rate during the second quarter and Sevan Brasil at a reduced day rate for the first half of 2016.