Subsea 7 profit dips. CEO sees gradual recovery in tendering activity

Offshore installation and construction company Subsea 7 has reported a rise in the third quarter revenue, but a drop in profit.

The company’s revenue for the quarter ended September 30, 2017, was $1,06 billion, up from $928 million a year ago. Net income came in at $111 million, down from last year’s third quarter $149 million.

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