Prepares to go on the offensive
The AIM quoted marine geophysical Group has announced that it expects ‘operating results’ for the year ended 31st December 2015 to exceed analyst expectations for revenue and operating profits. Unfortunately this positive operating outperformance will be more than offset by estimated impairments of assets (predominantly non-cash) of up to US$14m (approx. US$0.59 per share), due to the continued deterioration and uncertain outlook for the energy sector.
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