Vantage Drilling Company (VTG) Tops Q1 EPS by 2c

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Vantage Drilling Company Reports First Quarter Results for 2015

May 7, 2015 6:00 AM EDT

HOUSTON, TX -- (Marketwired) -- 05/07/15 -- Vantage Drilling Company ("Vantage" or the "Company") (NYSE MKT: VTG) reports net income for the three months ended March 31, 2015 of $21.4 million or $.06 per diluted share as compared to earnings of $24.8 million or $.07 per diluted share for the three months ended March 31, 2014.

The three months ended March 31, 2015 includes an approximately $20.6 million gain on the early retirement of debt. This gain represents the discount to the face value of debt that we purchased in the open market, net of writing off deferred financing costs. While this... More