Financial Report 3rd quarter 2016 for DOF ASA
Group operating income for Q3 (management reporting) totals NOK 2,036 million (NOK 2,901 million). Operating profit before depreciation and impairment (EBITDA) totals NOK 727 million (NOK 933 million). Operating profit (EBIT) is NOK -495 million (NOK 542 million), of which NOK 928 million (NOK 118 million) represents impairment loss in Q3. Profit before taxes is NOK 565 million (NOK -439 million), and highly impacted by the restructuring bond debt in August. The average utilisation of the Group’s fleet during Q3 was 83%. The utilisation of the subsea fleet was 79%, the AHTS fleet 75% and