IG Seismic Services PLC reported unaudited consolidated earnings results for the six months ended June 30, 2014. For the six months, the company reported revenue of RUB 10,398 million against RUB 10,716 million a year ago. EBITDA was RUB 2,154 million against RUB 2,305 million a year ago. Net loss was RUB 335 million against net profit of RUB 79 million a year ago. Capital expenditures were RUB 1,467 million against RUB 1,629 million a year ago. Net debt as on June 30, 2014 was RUB 11,569 million against RUB 10,098 million a year ago. Operating profit was RUB 550,847,000 against RUB 1,015,780,000 a year ago. Loss before tax was RUB 255,003,000 against profit before tax of RUB 212,787,000 a year ago. Basic loss per share attributable to the shareholders of the company was 14.11 pence against basic earnings per share attributable to the shareholders of the company of 4.52 pence a year ago. Net cash from operating activities was RUB 3,512,511,000 against RUB 4,734,397,000 a year ago. Purchase of property, plant and equipment was RUB 1,226,867,000 against RUB 1,390,045,000 a year ago.

For the period, the company performed 1,017,000 shot points, out of which 190,000 related to 2D surveys, 504,000 to 3D surveys, and 323,000 to HD (high density) surveys; of which 964,000 shot points were performed in Russia, 7,000 in Kazakhstan, and 46,000 in India. Total of nearly 10,000 linear kilometers related to 2D surveys, 7,000 square kilometers related to 3D survey, 620 linear kilometers related to HD and 750 square kilometers related to HD were performed. As of June 30, 2014 the company operated 67 field crews with 364,089 channels, 120 vibroseis sources, 171 pulse sources and 589 drilling units.