IG Seismic Services PLC reported audited consolidated earnings results for the year ended 31 December 2015. For the period, the company reported revenue was RUB 18,804,942,000 against RUB 19,589,247,000 a year ago. Operating loss was RUB 178,055,000 against operating profit of RUB 1,065,213,000 a year ago.

Loss before tax was RUB 2,411,353,000 against RUB 2,326,039,000 a year ago. Loss for the year was RUB 2,122,994,000 against RUB 2,409,972,000 a year ago. Loss for the year attributable to Shareholders of the IG Seismic Services plc was RUB 1,971,484,000 or 94.63 pence per basic and diluted share against RUB 2,272,450,000 or 109.08 pence per basic and diluted share a year ago.

Net cash generated from operating activities was RUB 1,334,755,000 against RUB 3,425,415,000 a year ago. Purchases of property, plant and equipment was RUB 838,885,000 against RUB 2,755,419,000 a year ago. The company posted net losses to International Financial Reporting Standards (IFRS) of RUB 2.123 billion in 2015, down 11.9% in comparison with 2014.

Earnings before interest, taxes, depreciation and amortization (EBITDA) fell by 9.7% to RUB 4.016 billion. Net debt as at December 31, 2015 amounted to RUB 17.218 billion, up 13.4% in comparison with the end of 2014.