Subsea 7 in strong 2nd quarter
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.
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