Polarcus finds its way back into the black

SEISMIC surveyor Polarcus has returned to profit over the third quarter, with revenues of US$103.4 million, nearly double the $55 million it reported this time last year.

Polarcus finds its way back into the black Polarcus finds its way back into the black Polarcus finds its way back into the black Polarcus finds its way back into the black Polarcus finds its way back into the black

Polarcus CEO Duncan Eley

 

The company said improved cashflow was largely driven by increasing margins for operators and optimisation of complex projects.

Polarcus booked segment EBITDA of $29.6 million, up from $7.

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