Dolphin Marine's Latest Financial Results Better Than Expected

Press Release
Wednesday, November 14, 2012

Dolphin Marine, suppliers of marine geophysical services, presents Q3 and first nine months of 2012 financial results

Highlights:

· Revenues of USD 61.2 million, compared to USD 43.0  
million in Q3 2011
· EBITDA of USD 28.9 million (47,2%), improved from  
USD  9.1  million in Q3 2011
· EBIT of USD 16.8 million (27,4%), compared to USD  
5.5 million in Q3 2011
· Net Income before tax of USD 16.4 million, compared  
with USD 3.9 million in Q3 2011 


· Dolphin successfully enters into and completes the  first 3D Multi-Client survey in Norway.

Atle Jacobsen, Dolphin Group CEO, commented: 
"There is strong market demand for Dolphin's marine  
seismic services. High operational efficiency and  
fleet utilisation, improved contract pricing and  
strong Multi-Client sales from new projects, has  
generated better than expected third quarter revenues  
and profit." 



"From day one, Dolphin has emphasised the importance  
of building a strong internal geophysical and Multi- 
Client business competence. This strategy works.

Today our Multi-Client seismic model is being  
recognised by an increasing number new global clients  
and governmental authorities. By successfully  
initiating a senior unsecured bond loan of NOK 400  
million, Dolphin has strengthened its financial  
capabilities, secured the roll out of future strategy  
and increased its ability to compete in global  
markets." 



Maritime Reporter March 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Obangame Express 2015 Concludes in the Gulf of Guinea

Maritime forces from Gulf of Guinea nations, Europe, South America, and the United States and several regional and international organizations concluded the multinational maritime exercise,

Scandlines Ferry Back in Service by End June

The damaged Scandlines ferry M/V Prinsesse Benedikte is being repaired at the Polish shipyard Remontowa and is expected to be ready before the end of June 2015.

Greece Will Sell Piraeus Port Stake in Weeks

The Greek government will sell its majority stake in the port of Piraeus within weeks, the country's deputy prime minister told China's official Xinhua news agency,

Offshore

China Unveils Action Plan on Maritime Silk Road

China has unveiled the principles, framework, and cooperation priorities and mechanisms in its Maritime Silk Road initiative in a bid to enhance regional connectivity

JV Wins $2bln Freeport LNG Contract in US

A joint venture (JV) between CB&I, Chiyoda International and Zachry Industrial has won a contract worth over $2bn from FLNG Liquefaction 3 for a liquefied natural

Feds Delay LNG’s Port Ambrose Application

The US Coast Guard and the US Maritime Administration (MARAD) have temporarily suspended their review of the proposed Port Ambrose deep-water LNG import terminal.

Finance

Scandlines Ferry Back in Service by End June

The damaged Scandlines ferry M/V Prinsesse Benedikte is being repaired at the Polish shipyard Remontowa and is expected to be ready before the end of June 2015.

Greece Will Sell Piraeus Port Stake in Weeks

The Greek government will sell its majority stake in the port of Piraeus within weeks, the country's deputy prime minister told China's official Xinhua news agency,

India May Add Japanese Soryu-Class Submarines to its Fleet

India is reportedly considering a project to incorporate six Japanese Soryu-class diesel-electric submarines into its fleet, says The Japan Times.   The Defense

 
 
Maritime Security Navigation Offshore Oil Pipelines Pod Propulsion Salvage Ship Electronics Ship Repair Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1987 sec (5 req/sec)