CGG faces uncertainties to carry on ‘as a going concern’

In the Friday report, the company posted revenues for the second quarter 2017 of $350 million, up 21% year-on-year and revenues of $290.2 million and up 40% sequentially. The company’s multi-client sales were boosted by Mexican and Brazilian licensing rounds.

On the other hand, the company’s net loss for the 2Q 2017 deepened to $170 million from a $79.2 million net loss in the prior-year quarter.

At the end of the quarter, CGG’s gross debt was $2.812 billion. Available cash was $315 million and group net debt was $2.497 billion.

Read more

Categories: Uncategorized

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: