Finance

Modec swings back to profit with revenue tipped to race upwards this year

Japanese FPSO company in the black for first quarter, reversing last year’s comparable three-month loss

In the office: a Modec employee on the Anita Garibaldi floating production, storage and offloading vessel at a shipyard in Aracruz, Espirito Santo state, Brazil.
In the office: a Modec employee on the Anita Garibaldi floating production, storage and offloading vessel at a shipyard in Aracruz, Espirito Santo state, Brazil.Photo: REUTERS/SCANPIX
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Published 11 May 2023, 08:58Updated 11 May 2023, 15:28