| SPECTRUM GROUP | |||||||
| Quarter | Quarter | 6 months | 6 months | 12 Months | |||
| ended | ended | ended | ended | ended | |||
| 30.06.15 | 30.06.14 | 30.06.15 | 30.06.14 | 31.12.14 | |||
| (USD 1000) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Audited) | ||
| Net operating revenue | 34 743 | 44 590 | 49 630 | 82 591 | 183 298 | ||
| EBIT | 8 701 | 10 007 | 4 397 | 18 507 | 52 795 | ||
| Net Profit / (Loss) | 5 286 | 6 606 | 1 964 | 12 565 | 38 229 | ||
| Cash flow from operating activities | 15 199 | 27 676 | 33 193 | 61 088 | 128 170 | ||
| Investment in Multi-Client library | 120 244 | 38 266 | 133 408 | 55 975 | 113 280 | ||
| Multi-Client library Net book value | 233 364 | 125 366 | 233 364 | 125 366 | 125 366 | ||
| Cash and cash equivalents | 17 445 | 373 | 17 445 | 373 | 8 364 | ||
Q2 Highlights
- Spectrum completed the acquisition of the Fugro Multi-Client library
- Net Multi-Client revenues in the quarter totaled MUSD 34.5 (2014: MUSD 43,8)
- Net Multi-Client revenues were comprised of late sales of MUSD 31.9 (2014: MUSD 18.0) and prefunding on Multi-Client investments of MUSD 2.6 (2014: MUSD 25.8)
- EBIT for the quarter was MUSD 8.7 (2014: MUSD 10.0)
- Multi-Client investments were MUSD 120.2. Investments in new acquisitions were MUSD 11.5 with 22.7% prefunding rate (2014: MUSD 38,3 with 67.4% prefunding)
- Operational cash flow before Multi-Client investments in Q2 was MUSD 15.2 (2014: MUSD 27.7)
6 months Highlights
- Net Multi-Client revenues totaled MUSD 49.1 (2014: MUSD 81.1)
- Net Multi-Client revenues were comprised of late sales of MUSD 35.8 (2014: MUSD 29.4), prefunding on Multi-Client investments of MUSD 10.0 (2014: MUSD 51.8) and other revenue of MUSD 3.4 (2014: MUSD 0.0).
- EBIT was MUSD 4.4 (2014: MUSD 18.5)
- Multi-Client investments were MUSD 133.4. Investments in new acquisitions were MUSD 24.8 with 40.3% prefunding rate (2014: MUSD 56.0 with 92.5% prefunding)
- Operational cash flow before Multi-Client investments was MUSD 33.2 (2014: MUSD 61.1)
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
