Jean Cahuzac is a happy man following a quarter that had a positive impact on Subsea 7, which he heads. The Luxembourg-based subsea installation company finished the quarter with black numbers on the bottom line, where the same quarter last year brought a slight deficit of USD 13 million. Today the company's net profit came to USD 265 million, and revenue increased to USD 1.9 billion, according to the interim report, published Thursday.
The orderbook also grew to USD 11.2 billion.
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