CGG returns to profit after restructuring

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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