CGG: net loss deepens in Q3.
(CercleFinance.com) - CGG has published a Q3 2017 net loss of 124 million dollars, against a loss of 88 million dollars a year ago, with the group's operating loss reaching 24 million dollar, against an operating loss of 39 million dollars in Q3 2016.
Revenues increased 21% to 320 million dollars, with strong multi-client GGR sales, persistently low equipment volumes and sound operating performance in contract data acquisition.
In addition, the geophysical studies group indicated that its extraordinary general meeting, meeting on a second convocation on 13 November, will decide on the resolutions that are necessary for the implementation of its financial restructuring plan.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
Revenues increased 21% to 320 million dollars, with strong multi-client GGR sales, persistently low equipment volumes and sound operating performance in contract data acquisition.
In addition, the geophysical studies group indicated that its extraordinary general meeting, meeting on a second convocation on 13 November, will decide on the resolutions that are necessary for the implementation of its financial restructuring plan.
Copyright (c) 2017 CercleFinance.com. All rights reserved.