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Subsea 7 expects more work in coming months

Offshore company Subsea 7 reports of an improved market in the first quarter, and the British company expects more orders out for tender in coming months.

Photo: PR / Subsea 7

Offshore installation company Subsea 7 pulled the bottom line into the black in the first months of the year, and the company sees an improved market with more orders out for tender in coming months.

The Britisih company's unaudited net profit came to a profit of USD 1 million against a deficit of USD 38 million in the first quarter of 2020, writes the company in a financial statement Thursday.

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