Subsea 7 sinks to $922 million loss

OFFSHORE ENERGY | The engineering and construction specialist recognised quarterly net loss of $922 million, against profit of $24 million in Q2 2019.

Diluted loss per share was $3.06 in Q2 2020 versus diluted earnings per share of $0.09 in Q2 2019.

Second quarter revenue of $754 million was 21 per cent lower than the prior-year period, but broadly in line with the first quarter of 2020.

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