4th QUARTER FINANCIAL HIGHLIGHTS
- Consolidated net revenues were USD 123.7 million, an increase of 64% compared to Q4 2005.
- Net late sales from the multi-client library totaled USD 95.4 million, up 62% from USD 58.8 million in Q4 2005.
- Operating profit (EBIT) was USD 72.1 million (58% of Net Revenues), up 146% from USD 29.3 million in Q4 2005.
- Cash flow from operations after taxes but before investments was USD 77.9 million, versus USD 39.6 million in Q4 2005.
- Earnings per share were USD 0.48, up 143% compared to USD 0.20 in Q4 2005.
12 MONTHS FINANCIAL HIGHLIGHTS
- Consolidated net revenues were USD 395.9 million, an increase of 65% compared to 2005.
- Net late sales from the multi-client library totaled USD 301.4 million, up 58% from USD 190.7 million in 2005.
- Operating profit (EBIT) was USD 221.3 million (56% of Net Revenues), up 131% from USD 96.0 million in 2005.
- Cash flow from operations after taxes but before investments was USD 286.5 million, versus USD 151.9 million in 2005.
- Earnings per share (undiluted) were USD 1.43, up 127% compared to USD 0.63 in for the same period in 2005.
"TGS' performance in 2006 was truly exceptional, with impressive growth in both sales and margins in all our business units around the world ", stated Chairman Claus Kampmann. "We enter 2007 in excellent financial condition with an aggressive investment plan to capitalize on a healthy market outlook."
The full report with tables can be downloaded from the following link:
