Business
Pulse Data Inc. reports Q1 2006 results and declaration of quarterly dividend
Pulse Data Inc. reports Q1 2006 results and declaration of quarterly dividend.
About this update from Pulse Seismic Inc.
[{"type":"text","content":"\n\n\n\n\nTSX Symbol - PSD \n\nCALGARY, May 10 /CNW/ - Mr. Ken MacDonald, President and Chief Executive\nOfficer of Pulse Data Inc. (\"Pulse\" or \"the Company\") reports the financial\nand operating results of Pulse for the three months ended March 31, 2006.\nMr. MacDonald is also pleased to announce that Pulse has declared its\ntwelfth consecutive quarterly dividend. This dividend is $0.0375 per common\nshare and will be paid on June 20, 2006 to shareholders of record at the close\nof business on June 6, 2006. The Company's Dividend Reinvestment Plan for\neligible shareholders will be available for this dividend.\n\nHIGHLIGHTS\n\n- Seismic data library sales increased by 74 percent to $10.1 million\n for the three months ended March 31, 2006 compared to $5.8 million\n for the first quarter of 2005.\n\n- Free cash flow(1) for the first quarter of 2006 was $6.4 million,\n compared to $253,000 in the first quarter of 2005.\n\n- Pulse had a working capital position of $20.1 million (including cash\n of $20.2 million) at March 31, 2006 compared to $17.0 million at\n December 31, 2005 and $1.7 million at March 31, 2005.\n\n- Pulse had no participation survey revenue in the first quarter of\n 2006; however, the seismic division is currently conducting a\n 224 square kilometre 3D participation survey which is expected to be\n completed and delivered in the second quarter.\n\n- Pulse's LiDAR segment incurred a loss before income taxes of\n $2.3 million, which included a $1.2 million additional depreciation\n provision on certain capital assets.\n\n>\n\n\n","length":31709,"tagName":"div"}]