Subsea 7 Takes Profit Hit

Engineering and construction specialist Subsea 7 has seen profit cut by some 37 percent in the quarter ended December 31, 2018 on activity drop in renewables and heavy lift business units and increased expenses and tax charge compared to the prior year comparable period. The Oslo-listed firm posted quarterly profit of $32 million, or $12 … Continue reading Subsea 7 Takes Profit Hit