Subsea 7 Revenue Up But Profit Cut in Half
Oslo-listed Subsea 7 has seen profit cut by close to 50 percent in the quarter ended June 30, 2018 on fewer large projects, lower margins and lower activity levels in some of its business units. The subsea engineering and construction specialist posted quarterly profit of $74 million, or $24 cents per diluted share, on revenue … Continue reading Subsea 7 Revenue Up But Profit Cut in Half
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