2nd QUARTER HIGHLIGHTS
- Gross sales volume was 62% higher than in Q2 2007.
- Consolidated net revenues were USD 134.1 million, an increase of 51% compared to Q2 2007.
- Net late sales from the multi-client library totaled USD 79.7 million, up 58% from USD 50.3 million in Q2 2007.
- Net pre-funding revenues were USD 41.3 million, funding 46% of the Company's operational investments into new multi-client products during Q2 (USD 88.9 million).
- Proprietary contract and other revenues during the quarter totaled USD 13.0 million compared to USD 13.7 million in Q2 2007.
- Operating profit (EBIT) was USD 66.6 million (50% of Net Revenues), up 77% from USD 37.6 million in Q2 2007.
- Cash flow from operations after taxes but before investments was USD 27.7 million, versus USD 38.0 million in Q2 2007.
- Earnings per share (undiluted) were USD 0.36, up 52% compared to USD 0.24 in Q2 2007.
6 MONTHS FINANCIAL HIGHLIGHTS
- Consolidated net revenues were USD 239.3 million, an increase of 30% compared to 2007.
- Net late sales from the multi-client library totaled USD 136.0 million, up 10% from USD 123.3 million in 2007.
- Operating profit (EBIT) was USD 113.2 million (47% of Net Revenues), up 28% from USD 88.7 million in 2007.
- Cash flow from operations after taxes but before investments was USD 179.3 million, versus USD 136.2 million in 2007.
- Operational investments into the multi-client inventory were 47% pre-funded and totaled USD 150.2 million vs USD 65.8 million in 2007.
- Earnings per share (undiluted) were USD 0.64, up 15% compared to USD 0.56 in for the same period in 2007.
The full report with tables can be downloaded from the following link:
