Q3 2022 TGS ASA Earnings Call Transcript
Good morning, everyone and welcome to TGS Q3 2022 Financial Presentation. My name is Kristian Johansen. I'm the CEO of TGS, and with me today, we have our CFO, Sven Borre Larsen as well.
I want to start by drawing your attention to the forward-looking statements, and I'll encourage you to read through that when the presentation is over. And then I hit the highlights of Q3 right away.
So we had late sales of $65 million in Q3, and that compares to about $31 million in Q3 of 2021. So we more than doubled our late sales in the quarter, and obviously, we reported this figures at the sixth day of the quarter. And you'll also notice that we had $135 million of total revenues, and that compares to $200 million in Q3 last year. But keep in mind, last year, we had an extraordinary high portion of projects being completed during the quarter. And the way we recognized that, obviously, with IFRS had a very positive impact to Q3 of last year.
But some of you are probably more familiar to the POC revenues. And the POC revenues this quarter came in at
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