Thalassa Holdings: H1-17 results for the 6 months ended 30 June 2017




Highlights for the 6 months ended 30 June 2017

Group Results H1-17 v H1-16

Revenue $8.2 vs. $5.2m
Gross Profit $4.9m vs. $2.9m
Gross Margin 59.6% vs. 56.7%
Operating Profit before depreciation (EBITDA) $2.4m vs. $0.5m
Group Net Profit $0.8m vs. $0.8m
Group Earnings Per Share – basic and diluted*1 $0.04/£0.03 vs. $0.03/£0.02
Book value per share*2 $1.29/£0.99 vs. $1.17/£0.77
Cash $3.1m vs. 1H16 $13.2m
Debt $nil vs $nil
*1 based on weighted average number of shares in issue of 21,657,704 (1H16: 22,806,734)
*2 based on actual number of shares in issue as at 30 June 2017 of 21,633,865

H1-17 Operational Highlights


·     Completion of PRM surveys over Snorre and Grane in the North Sea

·     Completion of PRM survey over Ekofisk in the North Sea

·      Ongoing operations over Eldfisk In the North Sea 


·     Completion of 1st stage testing of prototype flying node

·     Progress with the development of autonomous operational software

Autonomous Robotics Ltd – Flying Nodes

More     Link 

Leave a Reply

Your email address will not be published. Required fields are marked *

I accept that my given data and my IP address is sent to a server in the USA only for the purpose of spam prevention through the Akismet program.More information on Akismet and GDPR.

This site uses Akismet to reduce spam. Learn how your comment data is processed.