Norwegian geophysical services company EMGS has returned to profit as revenues hiked close to 180 percent for the period ended December 31, 2019.
The Oslo-listed company reported profit for Q4 2019 of $18 million or 14 cents per share, versus loss of $7 million in Q4 2018.
Revenues for the quarter rose at $37.2 million from $13.4 million same time last year. Quarter-on-quarter revenues also increased from $27 million. Contract and other sales totaled $28.2 million, while multi-client sales amounted to $9 million.
Brazil Energy Insight 
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