CGG slumps to $1.15bn loss

Paris-based geosciences player CGG reported deepening annual losses of $1.12 billion in 2014 as $939 million worth of non-recurring charges in redundancy costs and goodwill and asset impairments wiped out earnings.

Tough times: CGG boss Jean-Georges Malcor says more cuts needed to weather downturn
Tough times: CGG boss Jean-Georges Malcor says more cuts needed to weather downturn
Published 26 February 2015, 11:40Updated 26 February 2015, 11:50
Europe