Subsea Setback for TechnipFMC

TechnipFMC has reported fourth-quarter 2018 loss of $2.26 billion or $5 per diluted share.

The UK-based energy services giant booked total quarterly after-tax charges and credits of $2,22 billion, or $4.91 per diluted share.

Major part of these charges included asset impairments (of close to $1.7 billion) for goodwill and other fixed assets.

Adjusted net loss was $39 million, or 9 cents per diluted share. The net loss recorded same time last year was $154 million.

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