The company saw group revenue increase by 7% to $855 million while operating income rose by 17% to $114 million.
CGGVeritas chief executive Jean-Georges Malcor said in a statement on Monday that the improvements in the quarter’s results reflected operational performance, as well as an increase in marine prices.
While marine contract revenue was down 12% on the previous year due to a large share of the company’s fleet being used for multi-client activities, land contract revenue more than doubled to $138 million.
During
