| Summary | |||||||
| SPECTRUM GROUP | |||||||
| Quarter | Quarter | 6 months | 6 months | 12 Months | |||
| ended | ended | ended | ended | ended | |||
| 30.06.16 | 30.06.15 | 30.06.16 | 30.06.15 | 31.12.15 | |||
| (USD 1000) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Audited) | ||
| Net operating revenue | 13 601 | 34 743 | 31 826 | 49 630 | 109 844 | ||
| EBIT | (9 898) | 8 701 | (16 690) | 4 397 | (5 169) | ||
| Net Profit / (Loss) | (10 993) | 5 286 | (18 893) | 1 964 | (8 654) | ||
| Cash flow from operating activities | (6 037) | 15 199 | 37 977 | 33 193 | 98 199 | ||
| Investment in Multi-Client library | 7 414 | 120 244 | 35 147 | 133 408 | 174 618 | ||
| Multi-Client library Net book value | 220 393 | 233 364 | 220 393 | 233 364 | 220 686 | ||
| Cash and cash equivalents | 14 882 | 17 445 | 14 882 | 17 445 | 23 373 | ||
Q2 Highlights
- Net Multi-Client revenues in the quarter totaled MUSD 13.2 (2015: MUSD 34.5)
- Net Multi-Client revenues were comprised of late sales of MUSD 7.8 (2015: MUSD 31.9), prefunding on Multi-Client investments of MUSD 5.4 (2015: MUSD 2.6)
- EBIT for the quarter was MUSD (9.9) (2015: MUSD 8.7)
- Multi-Client investments were MUSD 7.4 with 73.0% prefunding rate (2015: Multi-Client investments were MUSD 120.2. Investments in new acquisitions were MUSD 11.5 with 22.7% prefunding rate )
- Operational cash flow in Q2 was MUSD (6.0) (2015: MUSD 15.2)
6 months Highlights
- Net Multi-Client revenues totaled MUSD 31.1 (2015: MUSD 49.1)
- Net Multi-Client revenues were comprised of late sales of MUSD 13.3 (2015: MUSD 35.8), prefunding on Multi-Client investments of MUSD 14.6 (2015: MUSD 10.0) and other revenue of MUSD 3.1 (2015: MUSD 3.4).
- EBIT was MUSD (16.7) (2015: MUSD 4.4)
- Multi-Client investments were MUSD 35.1 with 41.7% prefunding rate (2015: Multi-Client investments were MUSD 133.4. Investments in new acquisitions were MUSD 24.8 with 40.3% prefunding rate
- Operational cash flow was MUSD 38.0 (2015: MUSD 33.2)
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
