Spectrum ASA : 2nd Quarter 2016 Financial Results
August 12 2016 - 1:15AM
| Summary |
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SPECTRUM GROUP |
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Quarter |
Quarter |
6
months |
6
months |
12
Months |
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|
ended |
ended |
ended |
ended |
ended |
| |
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30.06.16 |
30.06.15 |
30.06.16 |
30.06.15 |
31.12.15 |
| (USD 1000) |
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(Unaudited) |
(Unaudited) |
(Unaudited) |
(Unaudited) |
(Audited) |
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| Net operating revenue |
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13 601 |
34 743 |
31 826 |
49 630 |
109 844 |
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| EBIT |
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(9 898)
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8 701 |
(16 690)
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4 397 |
(5 169)
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Net Profit / (Loss) |
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(10 993)
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5 286 |
(18 893)
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1 964 |
(8 654)
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| Cash flow from operating activities |
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(6 037)
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15 199 |
37 977 |
33 193 |
98 199 |
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| Investment in Multi-Client library |
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7 414 |
120 244 |
35 147 |
133 408 |
174 618 |
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| Multi-Client library Net book value |
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220 393 |
233 364 |
220 393 |
233 364 |
220 686 |
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| Cash and
cash equivalents |
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14
882 |
17
445 |
14
882 |
17
445 |
23
373 |
-
Net Multi-Client revenues in the quarter totaled
MUSD 13.2 (2015: MUSD 34.5)
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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)
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EBIT for the quarter was MUSD (9.9) (2015: MUSD
8.7)
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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 )
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Operational cash flow in Q2 was MUSD (6.0)
(2015: MUSD 15.2)
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Net Multi-Client revenues totaled MUSD 31.1
(2015: MUSD 49.1)
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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)
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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
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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.
Q2 2015 Presentation
Q2 2016 Financial Report
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Spectrum ASA via Globenewswire
HUG#2034751
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