Technip SA swung to a loss in the second quarter after Europe’s biggest oil-services provider took a writedown amid an industry downturn it expects to last for longer than anticipated.
The loss reached 306.9 million euros ($336.7 million) compared with a profit of 158 million euros the previous year, the Paris-based company said Thursday in a statement. A one-off charge of 570 million euros brought the loss to more than the 195 million-euro average of eight analysts compiled by Bloomberg.
Brazil Energy Insight 
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