Business
Pulse Data Inc. reports Q3 2005 results and declaration of quarterly dividend
Pulse Data Inc. reports Q3 2005 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, Nov. 9 /CNW/ - Mr. Ken MacDonald, President and Chief Executive\nOfficer of Pulse Data Inc. (\"Pulse\" or \"the Company\") is pleased to report the\nfinancial and operating results of Pulse for the three and nine months ended\nSeptember 30, 2005.\nMr. MacDonald is also pleased to announce that Pulse has declared its\ntenth consecutive quarterly dividend. This dividend is $0.025 per common share\nand will be paid on December 20, 2005 to shareholders of record at the close\nof business on December 6, 2005. The Company's Dividend Reinvestment Plan for\neligible shareholders will be available for this dividend.\nThe Company has also recently amended its Dividend Reinvestment and\nOptional Cash Purchase Plan whereby the minimum required purchase under the\nOptional Cash Purchase program has been reduced to $200 per remittance for\neligible shareholders. Please see the Company's website at\nwww.pulsedatainc.com for further details.\n\nHIGHLIGHTS\n\n- Free cash flow(1) for the nine months ended September 30, 2005 was\n $15.7 million, compared to $4.9 million in the same period in 2004.\n\n- Based on the Company's current share price, the dividend noted above\n represents an approximate yield of 4.3%.\n\n- Seismic data library sales increased by 31% to a record level of\n $22.5 million for the nine months ended September 30, 2005 compared to\n $17.2 million for the nine months ended September 30, 2004.\n\n- Pulse had a working capital position of $11.8 million at September 30,\n 2005 compared to a working capital deficiency of $4.2 million at\n September 30, 2004.\n\n- Pulse repaid $3.9 million of long-term debt over the nine-month period\n ended September 30, 2005.\n\n- Pulse added 2,740 net square kilometres of 3D seismic to its data\n library during the first three quarters of 2005 through the purchase\n of a significant seismic data set in June 2005 (2,500 net square\n kilometres) and through two participation surveys (240 net square\n kilometres), compared to the addition of 780 net square kilometres of\n 3D data for the same period in 2004.\n\n- LiDAR segment revenue for the third quarter of 2005 was $2.5 million,\n an 86% increase over $1.3 million recorded in the third quarter of\n 2004.\n\n>\n\n\n","length":34665,"tagName":"div"}]