ASKER - Based on preliminary reporting from operating units, TGS management expects net segment revenues for the fourth quarter of 2019 to be approximately
Based on segment reporting with revenues from projects-in-progress, recognized according to percentage of completion, as opposed to the IFRS reporting where revenues as a main rule are not recognized until the project has been delivered to the customer(s).
Company summary
Forward-looking statements and contact information
All statements in this press release other than statements of historical fact are forward-looking statements, which are subject to a number of risks, uncertainties and assumptions that are difficult to predict, and are based upon assumptions as to future events that may not prove accurate. These factors include TGS' reliance on a cyclical industry and principle customers, TGS' ability to continue to expand markets for licensing of data, and TGS' ability to acquire and process data products at costs commensurate with profitability. Actual results may differ materially from those expected or projected in the forward-looking statements. TGS undertakes no responsibility or obligation to update or alter forward-looking statements for any reason.
TGS sponsored American Depositary Shares trade on the
Contact:
Tel: +47 41 43 35 60
Email: investor@tgs.com
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