| SPECTRUM GROUP | |||||||
| Quarter | Quarter | 9 months | 9 months | 12 Months | |||
| ended | ended | ended | ended | ended | |||
| 30.09.15 | 30.09.14 | 30.09.15 | 30.09.14 | 31.12.14 | |||
| (USD 1000) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Audited) | ||
| Net operating revenue | 18 203 | 52 843 | 67 833 | 135 435 | 183 298 | ||
| EBIT | (5 194) | 17 647 | (797) | 36 154 | 52 795 | ||
| Net Profit / (Loss) | (5 123) | 13 691 | (3 160) | 26 255 | 38 229 | ||
| Cash flow from operating activities | 27 247 | 36 774 | 60 198 | 97 627 | 128 170 | ||
| Investment in Multi-Client library | 13 032 | 26 901 | 146 895 | 82 876 | 113 280 | ||
| Multi-Client library Net book value | 231 067 | 125 735 | 231 067 | 125 735 | 125 366 | ||
| Cash and cash equivalents | 29 458 | 9 260 | 29 458 | 9 260 | 8 364 | ||
Q3 Highlights
- Net Multi-Client revenues in the quarter totaled MUSD 18.0 (2014: MUSD 52.2)
- Net Multi-Client revenues were comprised of late sales of MUSD 16.2 (2014: MUSD 23.4) and prefunding on Multi-Client investments of MUSD 1.8 (2014: MUSD 28.8)
- EBIT for the quarter was MUSD (5.2) (2014: MUSD 17.6)
- Multi-Client investments were MUSD 13.0 with 13.8% prefunding rate (2014: MUSD 26.9 with 106.9% prefunding)
- Operational cash flow before Multi-Client investments in Q3 was MUSD 27.2 (2014: MUSD 36.8)
9 months Highlights
- Net Multi-Client revenues totaled MUSD 67.1 (2014: MUSD 133.3)
- Net Multi-Client revenues were comprised of late sales of MUSD 52.0 (2014: MUSD 52.8), prefunding on Multi-Client investments of MUSD 11.8 (2014: MUSD 80.5) and other revenue of MUSD 3.4 (2014: MUSD 0.0).
- EBIT was MUSD (0.8) (2014: MUSD 36.2)
- Multi-Client investments were MUSD 146.9. Investments in new acquisitions were MUSD 37.9 with 31.1% prefunding rate (2014: MUSD 82.9 with 97.2% prefunding)
- Operational cash flow before Multi-Client investments was MUSD 60.2 (2014: MUSD 97.6)
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
