FINANCIAL HIGHLIGHTS
- Gross sales volume was 25% higher than in Q1 2007.
- Consolidated net revenues in Q1 2008 were USD 105.2 million, an increase of 10% compared to Q1 2007 as a result of higher revenue sharing on multi-client sales.
- Operating profit (EBIT) was USD 46.6 million (44% of Net Revenues), down 9% from USD 51.1 million reported in Q1 2007.
- Gross late sales from the multi-client library of USD 72.1 million were down 7% compared to Q1 2007, and net late sales after revenue share totaled USD 56.3 million, down 23% from USD 72.9 million in Q1 2007.
- Net pre-funding revenues of USD 29.4 million covered 48% of operational multi-client investments compared to USD 18.1 million (covering 55% of investments) in Q1 2007.
- Proprietary contract revenues in Q1 2008 were USD 19.6 million compared to USD 4.3 million in Q1 2007.
- Cash flow from operations after taxes but before investments was USD 151.6 million, versus USD 98.2 million in Q1 2007.
- Earnings per share (undiluted) were USD 0.28, down 13% compared to USD 0.32 reported in Q1 2007.
The full report with tables can be downloaded from the following links:
