Subsea 7 profits fall for Q2, but market improving

INTERNATIONAL engineering consultant Subsea 7 recorded a drop in profits in the second quarter to June 30, but the company expects profits to pick up as the year progresses with more tenders on the way as the offshore market recovers.

29 July 2019
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For the second quarter Subsea 7 reported revenue of US$958 million, which was a sharp fall of more than 17% from the $1.16 billion the company took in the previous corresponding period.

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