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For the fiscal year ended 31 December 2017, Sevan Drilling Ltd revenues decreased 39% to $144.9M. Net loss increased from $93M to $500.1M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Higher net loss reflects Impairment increase from $37.5M to $396.3M (expense), Other Financial Expense pcr increase of 84% to $58.3M (expense).
Period Ending: | Dec 31, 2017 | Jun 30, 2017 | Mar 31, 2017 | Dec 31, 2016 |
---|---|---|---|---|
Total Revenue | 144.9 | 45.9 | 55.1 | 63.4 |
Gross Profit | ||||
Operating Income | -405.7 | 4.9 | 10.3 | 9.6 |
Net Income | -500.1 | -12.7 | -7.5 | -12.1 |
Period Ending: | Dec 31, 2017 | Jun 30, 2017 | Mar 31, 2017 | Dec 31, 2016 |
---|---|---|---|---|
Total Assets | 1048 | 1541.3 | 1535.8 | 1555.1 |
Total Liabilities | 1235.2 | 1248.6 | 1230.4 | 1242.2 |
Total Equity | -187.2 | 292.7 | 305.4 | 312.9 |
Period Ending: | Dec 31, 2017 | Jun 30, 2017 | Mar 31, 2017 | Dec 31, 2016 |
---|---|---|---|---|
Period Length: | 12 Months | 6 Months | 3 Months | 12 Months |
Cash From Operating Activities | 24.3 | 32.3 | 29.8 | 54.9 |
Cash From Investing Activities | 29.6 | 1 | 1.2 | 56.5 |
Cash From Financing Activities | -37.5 | -10 | -35 | -128.3 |
Net Change in Cash | 16.8 | 23.5 | -3.8 | -16.4 |
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