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Dolphin Drilling AS Earnings Release 2016

Apr 27, 2016

Earnings Release

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Report for the 1st quarter 2016

FRED. OLSEN ENERGY ASA (FOE) REPORTS AN OPERATING PROFIT BEFORE DEPRECIATION

(EBITDA) OF USD 139 MILLION IN 1Q 2016

HIGHLIGHTS

. Revenues were 235 million

. EBITDA was 139 million

. Operating profit (EBIT) was 64 million

. Profit before tax was 39 million

. Earnings per share were 0.50