SKER, NORWAY (1 August 2013) - TGS reports net revenues of USD 210 million in Q2 2013, compared to USD 215 million in Q2 2012. Earnings before interest and taxes (EBIT) totaled USD 98 million, corresponding to an EBIT margin of 47%. The Company's net late sales totaled USD 155 million, up 43% from Q2 2012 reinforcing the value of TGS' global data library.
2nd QUARTER HIGHLIGHTS
6 MONTHS FINANCIAL HIGHLIGHTS
"Q2 2013 was a quarter with strong late sales particularly from older vintages. We appreciate that our customers continue to demand high quality data from our existing library and we are pleased to report a profit margin of 47% in Q2," TGS' CEO Robert Hobbs stated.
To access TGS Q2 2013 results information click below:
Q2 2013 Conference Call
CEO Robert Hobbs and CFO Kristian Johansen will host a conference call on 1 August 2013 at 15:00 CET (9:00 AM New York time). Attendees may want to call 5-10 minutes before 15:00 CET (9:00 AM NY) to ensure registration and access.
Participants will need to quote the following confirmation code when dialing into the conference: 3211079.
A Q&A session will follow a short introduction, based upon the presentation issued in the morning. To pose a question, please press *1.
A replay of the conference call will be available shortly after. To access replay of the TGS conference call,
A replay of the conference call will also be available at www.tgs.com.