French engineering company Technip booked a 12.4% rise in third quarter net income while also increasing its full-year revenue guidance for its subsea division.
Technip’s net income for the September quarter totaled €184.3 million ($200.1 million), up from €163.9 million in the same quarter last year.
A robust operational performance associated with strong cost reduction measures enabled Technip to record a solid third quarter
Technip chief executive Thierry Pilenko
The increased profit comes despite a 6.1%
