Polarcus narrows quarterly loss

Seismic services player Polarcus managed to cut its loss in the second quarter 2018 when compared to the same period last year.

The Oslo-listed geophysical company said on Thursday that it recorded a net loss of $8.8 million for this year’s second quarter as opposed to a $33.7 million loss in the same period of 2017.

The company’s revenues during the second quarter of 2017 increased to $44.6 million from $36.1 million in the 2Q 2017.

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