IG Seismic Services PLC reported audited consolidated earnings results for the full year ended December 31, 2013. For the year, the company reported net loss of $12.58 million on revenue of $607.246 million compared to net profit of $12.523 million on revenue of $608.48 million a year ago. EBITDA was $132.78 million compared to $119.10 million a year ago.

Net cash from operating activities was $148.92 million compared to $84.06 million a year ago. This increase was primarily attributable to changes in working capital, and in particular to changes in accounts receivable, inventories, provisions, and prepayments and other current assets, all of which had a positive effect on its cash flows from operating activities as well as significant improvement in operating results and margin levels for the current year. Capital expenditures were $100.76 million compared to $56.69 million a year ago.

Net debt was $389.907 million compared to $390.245 million a year ago. Operating profit was $52.86 million compared to $41.347 million a year ago. Profit before tax was $3.893 million compared to $3.915 million a year ago.

Adjusted EBITDA for the period was $132.781 million against $119.103 million a year ago. Adjusted EBIT was $59.6 million against $51.88 million a year ago. Normalized financial results were $11.61 million against $5.78 million a year ago.