CGG: confirms cash-flow target for 2019
(CercleFinance.com) - On Wednesday CGG published Q3 net income group share of 40.
7 million dollars, a far cry from a loss of -1.5 million dollars a year ago, while its operating income reached 98 million dollars, against 68.9 million dollars last year.
The geoscience group's revenue increased by 36% to 381.7 million dollars.
The CGG Group confirms its target of generating positive net cash flow over FY 2019, in view of the high level of 167 million dollars reached over the past quarter, group's CEO Sophie Zurquiyah said.
The market was pleased by this - the share is currently up over 5% in Paris.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
7 million dollars, a far cry from a loss of -1.5 million dollars a year ago, while its operating income reached 98 million dollars, against 68.9 million dollars last year.
The geoscience group's revenue increased by 36% to 381.7 million dollars.
The CGG Group confirms its target of generating positive net cash flow over FY 2019, in view of the high level of 167 million dollars reached over the past quarter, group's CEO Sophie Zurquiyah said.
The market was pleased by this - the share is currently up over 5% in Paris.
Copyright (c) 2019 CercleFinance.com. All rights reserved.