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TechnipFMC posts profit in first quarter following merger

Newly-formed oil and gas services firm TechnipFMC reported Thursday a $190.8 million net profit in its first quarter following the merger between the French oilfield services provider Technip and the U.S. company FMC Technologies.

Announced last year, the merger between two giants was completed in January.

The company reported first quarter 2017 revenues of $3.4 billion, versus $2.4 billion in the prior-year quarter.

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