McDermott lifts 3Q profit, revenues

McDermott, an engineering, procurement, construction and installation company, boosted its profit and revenues during the third quarter 2017 helped by increased activity in the Middle East region. 

According to McDermott’s report on Wednesday, the company’s net income increased by $78.6 million in the third quarter 2017 totaling $94.7 million, as opposed to $16.1 million in the prior-year period.

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