Subsea 7 sees 20 pct increase in revenues

Subsea engineering, construction and services company Subsea 7 increased its revenues during the first quarter 2017 by 20 percent while its net profit remained in line with the prior-year period. 

The subsea company on Thursday posted a profit of $146 million for the first quarter 2017, versus a $147 million profit in the corresponding period of 2016.

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