2008 Full Year Results - SBM Offshore
2008 Full Year Results - SBM Offshore
2008 Full Year Results - SBM Offshore
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Consolidated income statement<br />
For the years ended 31 December in thousands of US Dollars<br />
Page 15 of 18<br />
<strong>2008</strong> 2007<br />
Revenue 3,060,276 2,871,214<br />
Cost of Sales (2,646,660) (2,435,624)<br />
Gross margin 413,616 435,590<br />
Other operating income 10,345 1,313<br />
Selling and marketing expenses (37,510) (36,234)<br />
General and administrative expenses (90,022) (76,496)<br />
Other operating expenses (21,365) (22,158)<br />
(138,552)<br />
(133,575)<br />
Operating profit (EBIT) 275,064 302,015<br />
Financial income 24,932 20,870<br />
Financial expenses (65,276) (43,222)<br />
Net financing costs (40,344) (22,352)<br />
Share of profit of associates 2,535 1,964<br />
Profit before tax 237,255 281,627<br />
Income tax (9,380)<br />
(14,861)<br />
Profit 227,875 266,766<br />
<strong>2008</strong> 2007<br />
Attributable to shareholders 223,172 262,885<br />
Attributable to minority interests 4,703 3,881<br />
Profit 227,875 266,766<br />
<strong>2008</strong> 2007<br />
Weighted average number of shares outstanding 144,659,503 142,274,874<br />
Basic earnings per share US$ 1.54 US$ 1.85<br />
<strong>Full</strong>y diluted earnings per share US$ 1.53 US$ 1.82
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