3rd QUARTER FINANCIAL HIGHLIGHTS
- Consolidated net revenues were USD 99.8 million, an increase of 40% compared to Q3 2005.
- Net late sales from the multi-client library totaled USD 68.3 million, up 22% from USD 56.1 million in Q3 2005.
- Operating profit (EBIT) was USD 54.8 million (55% of Net Revenues), up 79% from USD 30.6 million in Q3 2005.
- Cash flow from operations after taxes but before investments was USD 81.0 million, versus USD 39.2 million in Q3 2005.
- Earnings per share were USD 0.36, up 79% compared to USD 0.20 in Q3 2005.
9 MONTHS FINANCIAL HIGHLIGHTS
- Consolidated net revenues were USD 272.2 million, an increase of 65% compared to the same period in 2005.
- Net late sales from the multi-client library totaled USD 205.9 million, up 56% from USD 132.0 million in 2005.
- Operating profit (EBIT) was USD 149.2 million (55% of Net Revenues), up 124% from USD 66.7 million in 2005.
- Cash flow from operations after taxes but before investments was USD 208.6 million, versus USD 112.3 million in 2005.
- Earnings per share (undiluted) were USD 0.96, up 120% compared to USD 0.44 in for the same period in 2005.
"Both net revenues and profitability in the quarter reached new records for TGS ", stated Chairman Claus Kampmann. "We experienced excellent growth in all regions and in all product lines, with the most notable sales growth in our newest projects and in the Africa, Middle East, Asia-Pacific geographic region."
The full report with tables can be downloaded from the following link:
