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Seismic upgrade for Thalassa

And there's scope to nudge estimates higher still

Marine seismic specialist Thalassa (THAL:AIM) has increased guidance for full year revenue and pre-tax profit from $10.5m to $13.9m and from $1.1m to $1.6m respectively. This is thanks to $2m of late data sales (10 Oct) and strong cost control. The company says profit could be boosted by a further $1.5m if its ‘very conservative’ provisions for increased costs prove too conservative. (TS)

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24 Nov 2016

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