French geophysical player CGG returned to quarterly profit, following successful completion of financial restructuring during the first quarter of 2018.
For the first quarter of 2018 CGG posted a profit of $646.6 million compared to a loss of $145.1 million in the same period of 2017.
CGG’s revenues for the first quarter of 2018 dropped to $245.6 million from $249.4 million in the prior-year period.
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