| SPECTRUM GROUP | |||||||
| Quarter | Quarter | 9 months | 9 months | 12 Months | |||
| ended | ended | ended | ended | ended | |||
| 30.09.16 | 30.09.15 | 30.09.16 | 30.09.15 | 31.12.15 | |||
| (USD 1000) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Audited) | ||
| Net operating revenue | 20 447 * | 18 203 | 52 273 | 67 833 | 109 844 | ||
| EBIT | (2 478) | (5 194) | (19 097) | (797) | (5 169) | ||
| Net Profit / (Loss) | (3 985) | (5 123) | (22 807) | (3 160) | (8 654) | ||
| Cash flow from operating activities | 2 844 | 27 247 | 40 819 | 60 198 | 98 199 | ||
| Investment in Multi-Client library | 8 050 | 13 032 | 43 197 | 146 895 | 174 618 | ||
| Multi-Client library Net book value | 212 120 | 231 067 | 212 120 | 231 067 | 220 686 | ||
| Cash and cash equivalents | 7 649 | 29 458 | 7 649 | 29 458 | 23 373 | ||
| * includes other revenue related to tax credit in Brazil of MUSD 8.7 | |||||||
Q3 Highlights
- Net Multi-Client revenues in the quarter totaled MUSD 11.4 (2015: MUSD 18.0)
- Net Multi-Client revenues were comprised of late sales of MUSD 9.7 (2015: MUSD 16.2), prefunding on Multi-Client investments of MUSD 1.5 (2015: MUSD 1.8) and other revenue of MUSD 0.2 (2015: MUSD 0.0)
- EBIT for the quarter was MUSD (2.5) (2015: MUSD (5.2))
- Multi-Client investments were MUSD 8.1 with 18.9% prefunding rate (2015: MUSD 13.0 with 13.8% prefunding rate)
- Operational cash flow of MUSD 2.8 (2015: MUSD 27.2)
- Other revenue of MUSD 8.7, based on transaction tax credits filed in Brazil, booked in the quarter
9 months Highlights
- Net Multi-Client revenues totaled MUSD 42.5 (2015: MUSD 67.1)
- Net Multi-Client revenues were comprised of late sales of MUSD 23.0 (2015: MUSD 52.0), prefunding on Multi-Client investments of MUSD 16.2 (2015: MUSD 11.8) and other revenue of MUSD 3.4 (2015: MUSD 3.4).
- EBIT was MUSD (19.1) (2015: MUSD (0.8))
- Multi-Client investments were MUSD 43.2 with 37.4% prefunding rate (2015: Multi-Client investments were MUSD 146.9. Investments in new acquisitions were MUSD 37.9 with 31.1% prefunding rate)
- Operational cash flow was MUSD 40.8 (2015: MUSD 60.2)
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
