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Helix narrows loss in first quarter

Houston-based oil and gas services company Helix Energy Solutions managed to narrow its net loss in the first quarter of 2017 and boost revenues compared to the same period in 2016.

The oil services company on Sunday reported a net loss of $16.4 million for the first quarter of 2017 compared to a net loss of $27.8 million for the same period in 2016 and a net loss of $54.4 million for the fourth quarter of 2016.

Further, the company posted revenues of $104.5 million for the first quarter 2017 compared to $91.04 million in the year before period.

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Categories: Uncategorized

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