Subsea 7 Stays in Red

Engineering and construction specialist Subsea 7 has seen recognised loss in the quarter ended March 31, 2019 on activity drop in renewables and heavy lift business units, forex expenses and tax charge against prior-year comparable period. The Oslo-listed firm posted quarterly loss of $19 million, or $6 cents per diluted share, on revenue of $860 … Continue reading Subsea 7 Stays in Red