PVS - Better-than-expected Q1 on Seismic Survey segment recovery - Earnings Flash
  • 03 May 2017
  • Company Research
Q1 2017 revenue dropped -24.0% while NPAT-MI declined only 9.6% vs. Q1 2016. Q1 NPAT-MI achieved 32.3% of 2017 forecast and was slightly better than we expected. Q1 results were boosted by Seismic Survey & Remotely Operated Vehicle (SS&ROV) segment, which