More red ink for PGS

The Oslo-listed seismic player reported quarterly loss of $111.4 million, or 29 cents per share on revenues of $90 million.

This result compares against loss of $49 million, or 14 cents per share on $192 million revenues in the prior-year quarter.

The company also booked quarterly impairment and loss on sale of non-current assets and MC library of some $80 million.

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