Fugro, a French independent provider of geo-intelligence, went deeper into the red in the fourth quarter of last year. According to the company, this is mainly due to new accounting standards and loss-making activities that the company has put on display.

Under the line, CGG came short of $ 790 million, from a net loss of $ 74.9 million in the fourth quarter of 2017. The operating result was $ 282.4 million negative against a plus of $ 29.4 million last year. Revenues did rise, from $ 360.9 million a year earlier to $ 370.2 million. The parts in the shop window are included in the figures as discontinued activities.

In their own words, the results were solid. Top woman Sophie Zurquiyah thinks that she has performed better than previously anticipated, because the market is gradually recovering after a difficult period. She expects to show solid growth again in 2019.

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