TGS 2nd QUARTER and 1st HALF 2009 RESULTS
(Thomson Reuters ONE) - 2nd QUARTER HIGHLIGHTS-Gross sales volume was 4% up compared to Q2 2008.-Net late sales from the multi-client library totaled USD 84.5million, up 6% from USD 79.7 million in Q2 2008.-Net pre-funding revenues were USD 33.8 million, down 18% from Q22008, funding 43% of the Company's operational investments into newmulti-client products during Q2 (USD 77.7 million, down 13% from Q22008).-Proprietary contract and other revenues during the quarter totaledUSD 5.9 million, down 55% compared to USD 13.0 million in Q2 2008.-Consolidated net revenues after revenue sharing with partners wereUSD 124.1 million, a decrease of 7% compared to Q2 2008.-Operating profit (EBIT) was USD 54.3 million (44% of Net Revenues),down 18% from USD 66.6 million in Q2 2008.-Cash flow from operations after taxes but before investments was USD44.5 million, versus USD 27.7 million in Q2 2008.-Earnings per share (fully diluted) were USD 0.39, up 9% compared toUSD 0.36 in Q2 2008.6 MONTHS FINANCIAL HIGHLIGHTS-Consolidated net revenues were USD 194.9 million, a decrease of 19%compared to 2008.-Net late sales from the multi-client library totaled USD 114.4million, down 16% from USD 136.0 million in 2008.-Net pre-funding revenues were USD 68.2 million, down 3% from USD70.7 in 2008.-Proprietary contract and other revenues during the first 6 monthstotaled USD 12.3 million compared to USD 32.6 million in 2008.-Operating profit (EBIT) was USD 74.1 million (38% of Net Revenues),down 35% from USD 113.2 million in 2008.-Operational investments into the multi-client inventory were 48%pre-funded and totaled USD 141.3 million vs. USD 150.2 million in2008.-Cash flow from operations after taxes but before investments was USD140.4 million, versus USD 179.3 million in 2008.-Earnings per share (fully diluted) were USD 0.52, down 18% comparedto USD 0.63 in for the same period in 2008."All business segments experienced sequential improvement over a slowfirst quarter", TGS's CEO Robert Hobbs stated. "The most positivesign was the increase in quarterly net late sales compared to oneyear ago. Hopefully our clients will return to a higher level of E&Pspending as they gain confidence in the fundamentals of theirbusiness. We maintain our guidance for 2009"The full report with tables is attached.http://hugin.info/86869/R/1332971/315813.pdfThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 06.08.2009 - 07:50 Uhr
Sprache: Deutsch
News-ID 4410
Anzahl Zeichen: 0
contact information:
Town:
London
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 254 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"TGS 2nd QUARTER and 1st HALF 2009 RESULTS"
steht unter der journalistisch-redaktionellen Verantwortung von
TGS-NOPEC (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
