Improvements in vessel dayrates bring Polarcus back to profit

Seismic services player Polarcus returned to profit in the second quarter of 2019 from a loss in the corresponding period of 2018 on the back of higher revenues driven by improvement in vessel dayrates.

The seismic company said on Wednesday it had recorded a profit of $0.6 million in the second quarter of 2019 compared to a loss of $8.1 million in the same period last year.

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