CGG: returns to profit in Q2
(CercleFinance.com) - CGG has reported Q2 2018 net income, group share of 47.
4 million dollars, against a loss of 169.7 million dollars in Q2 2017, with EBITDAs of 110 million euros, meaning a margin rate of 33%.
Revenue from operations came in at 338 million dollars, down 3% y-o-y. The respective contributions from the group's segments were 60% for GGR, 21% for equipment and 19% for contract data acquisition.
"In the context of a gradual market improvement, while clients maintain a cautious approach to spending, we remain on track to meet our targets for 2018,” says Sophie Zurquiyah, CGG's CEO.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
4 million dollars, against a loss of 169.7 million dollars in Q2 2017, with EBITDAs of 110 million euros, meaning a margin rate of 33%.
Revenue from operations came in at 338 million dollars, down 3% y-o-y. The respective contributions from the group's segments were 60% for GGR, 21% for equipment and 19% for contract data acquisition.
"In the context of a gradual market improvement, while clients maintain a cautious approach to spending, we remain on track to meet our targets for 2018,” says Sophie Zurquiyah, CGG's CEO.
Copyright (c) 2018 CercleFinance.com. All rights reserved.