PGS Narrows Losses



Petroleum Geo-Services (PGS), reported loss for the fourth quarter ended December 31, 2018 of $23.5 million versus loss off $195 million in the prior-year quarter.

Basic loss per share was 7 cents per share, improving from 58 cents per share loss same time last year.

Norway-based PGS generated $270 million in quarterly revenues compared to Q4 2017 of $236 million.

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