McDermott books profit jump in 2Q

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Houston-based EPCI company McDermott saw an increase in its second quarter 2018 profit on the back of higher revenues driven by projects for Saudi Aramco and Woodside.

The company on Tuesday reported revenue of $1.7 billion and net income of $47 million for the second quarter of 2018 compared to revenues of $789 million and net income of $36 million in the same period last year.

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