Deep Sea Supply Plc reported unaudited consolidated earnings results for the first quarter ended March 31, 2017. For the quarter, the company reported operating revenue of $11,027,000 compared to $16,494,000 a year ago. LBITDA was $1,886,000 compared to $11,575,000 a year ago. LBIT was $13,564,000 compared to $21,060,000 a year ago. Loss before income tax was $21,693,000 compared to $25,425,000 a year ago. Loss for the period was $21,804,000 or $0.07 per diluted share compared to $25,475,000 or $0.10 per diluted share a year ago. Net cash used in operating activities was $2,073,000 compared to net cash generated from operating activities was $4,769,000 a year ago. Acquisitions and upgrades of property, plant and equipment was $548,000 compared to $66,000 a year ago. Net interest bearing debt was $591.1 million by the end of first quarter of 2017, which is an increase of $14 million from end of fourth quarter of 2016.