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TGS-NOPEC - 2nd quarter 2006 results

10 August 2006OSE

Date: 10/8 2006
 

 

 

2nd QUARTER FINANCIAL HIGHLIGHTS
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Consolidated net revenues were USD 82.7 million, an increase of 50% compared to Q2 2005.


Net late sales from the multi-client library totaled USD 61.5 million, up 36% from USD 45.2 million in Q2 2005.


Operating profit (EBIT) was USD 45.3 million (55% of Net Revenues), up 107% from USD 21.9 million in Q2 2005.


Earnings per share were USD 0.28, up 103% compared to USD 0.14 in Q2 2005. 


 
 
6 MONTHS FINANCIAL HIGHLIGHTS
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Consolidated net revenues were USD 172.4 million, an increase of 84% compared to 6 months 2005.


Net late sales from the multi-client library totaled USD 137.6 million, up 81% from USD 75.9 million 6 months 2005.


Operating profit (EBIT) was USD 94.4 million (55% of Net Revenues), up 161% from USD 36.2 million 6 months 2005.


Cash flow from operations after taxes but before investments was USD 127.6 million, versus USD 73.1 million 6 months 2005.


Earnings per share (undiluted) were USD 0.60, up 155% compared to USD 0.23 in for 6 months 2005. 


 
 
"The Board is extremely pleased with the strong growth achieved in all product lines and all regions",stated TGS Chairman Claus Kampmann. "This growth has resulted in record profitability for the second quarter and the first half, allowing us to increase the revenue and profitability guidance for the year."
 
 
 
The full report with tables can be downloaded from the following link:




2nd Quarter 2006