Italian energy services provider Saipem reported a rise in 2019 Q3 revenue and profit. The company’s revenue for the quarter grew to 2,36 billion euros, up from 2,22 billion a year ago. Net profit was 30 million euros, compared to a net loss of 34 million a year ago.
Saipem’s offshore and engineering and construction division reported a slight decline in revenue from EUR 1,06 billion in 3Q last year to EUR 998 million in Q3 2019.
New contracts in the division came in at 661 million euros in the third quarter, down from 1,04 billion in the corresponding quarter of 2018.
Brazil Energy Insight 
Leave a comment