Offshore company Subsea 7 closed the second quarter with a revenue of USD 1.2 billion against a revenue of USD 754 million last year. However, the 59-percent revenue increase was not enough to save Subsea 7 from going into red numbers on the bottom line.
In the second quarter, Subsea 7 ended on a net loss of USD 13 million on the bottom line, which is an improvement on year-on-year where the net loss totaled USD 922 million.
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