Summary
| SPECTRUM GROUP | |||||
| Quarter | Quarter | 12 Months | |||
| ended | ended | ended | |||
| 31.03.17 | 31.03.16 | 31.12.16 | |||
| (USD 1000) | (Unaudited) | (Unaudited) | (Audited) | ||
| Net operating revenue | 25 324 | 18 225 | 86 852 * | ||
| EBIT | (2 706) | (6 791) | (19 048) | ||
| Net Profit / (Loss) | (3 720) | (7 901) | (20 283) | ||
| Cash flow from operating activities | 35 560 | 44 014 | 61 215 | ||
| Investment in Multi-Client library | 27 280 | 27 733 | 50 671 | ||
| Multi-Client library Net book value | 198 361 | 230 263 | 192 721 | ||
| Cash and cash equivalents | 16 681 | 37 674 | 15 827 | ||
* Includes other revenue related to tax credit in Brazil of MUSD 13.1
Q1 Highlights
- Net Multi-Client revenues in the quarter totaled MUSD 25.3 (2016: MUSD 17.9)
- Net Multi-Client revenues were comprised of late sales of MUSD 9.9 (2016: MUSD 5.5), prefunding on Multi-Client investments of MUSD 15.4 (2016: MUSD 9.2) and other revenue of MUSD 0.0 (2016: MUSD 3.1)
- EBIT for the quarter was MUSD (2.7) (2016: MUSD (6.8))
- Multi-Client investments were MUSD 27.3 with 56.4% prefunding rate (2016: MUSD 27.7 with 33.3% prefunding)
- Operational cash flow in Q1 was MUSD 35.6 (2016: MUSD 44.0)
This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.
