Summary Q1 - 2016
| SPECTRUM GROUP | |||||
| Quarter | Quarter | 12 Months | |||
| ended | ended | ended | |||
| 31.03.16 | 31.03.15 | 31.12.15 | |||
| (USD 1000) | (Unaudited) | (Unaudited) | (Audited) | ||
| Net operating revenue | 18 225 | 14 887 | 109 844 | ||
| EBIT | (6 791) | (4 303) | (5 169) | ||
| Net Profit / (Loss) | (7 901) | (3 322) | (8 654) | ||
| Cash flow from operating activities | 44 014 | 17 994 | 98 199 | ||
| Investment in Multi-Client library | 27 733 | 13 164 | 174 618 | ||
| Multi-Client library Net book value | 230 263 | 129 328 | 220 686 | ||
| Cash and cash equivalents | 37 674 | 17 670 | 23 373 | ||
Q1 Highlights
- Net Multi-Client revenues in the quarter totaled MUSD 17.9 (2015: MUSD 14.6)
- Net Multi-Client revenues were comprised of late sales of MUSD 5.5 (2015: MUSD 3.9), prefunding on Multi-Client investments of MUSD 9.2 (2015: MUSD 7.4) and other revenue of MUSD 3.1 (2015: MUSD 3.4).
- EBIT for the quarter was MUSD (6.8) (2015: MUSD (4.3))
- Multi-Client investments were MUSD 27.7 with 33.3% prefunding rate (2015: MUSD 13.2 with 56.1% prefunding)
- Operational cash flow in Q1 was MUSD 44.0 (2015: MUSD 18.0)
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
