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Subsea 7 first quarter profits double

Subsea engineering and construction company Subsea 7 generated net income of $93 million during the first quarter of 2012, more than doubling its $45 million income over the same period in 2011 on the back of higher activity levels.

Shore thing: Revenues from its activity in the North and Norwegian Seas boosted profits.
Shore thing: Revenues from its activity in the North and Norwegian Seas boosted profits.
Published 11 May 2012, 07:56Updated 11 October 2016, 08:14
Europe