TGS Nopec Geophysical Company ASA (GB:0MSJ) has released an update.
TGS Nopec Geophysical Company ASA reports an expected IFRS revenue of USD 224 million for Q2 2024, a slight increase from USD 206 million in the same quarter the previous year. Despite a decrease in POC revenues, the company saw a 6% increase in late sales and a sequential 30% rise in proprietary revenues. The recent merger with PGS, completed on July 1, 2024, positions TGS to capitalize on a predicted multi-year industry upcycle.
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