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CGG: CGG Announces its Q1 2021 Results
CGGMay 12, 2021 GMT
Positive Net Cash Flow and Successful Refinancing
Seasonal Soft Quarter with Solid Equipment Performance
2021 Financial Objectives Confirmed
PARIS, France –
May 12, 2021 – CGG (ISIN: FR0013181864), a world leader in Geoscience, announced today its first quarter 2021 non-audited results.
Commenting on these results, Sophie Zurquiyah, CGG CEO, said:
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With our successful refinancing we delivered the last milestone in our CGG 2021 strategy while normalizing our capital structure. We are now actively developing our new ambitions, focusing on growing our core highly differentiated businesses as the market gradually strengthens, and accelerating our growth beyond the core into sectors, including digitalization, observation & monitoring, and energy transition.
National Energy Services Reunited Corp. Reports Preliminary Unaudited First Quarter 2021 Financial Results
HOUSTON, TX / ACCESSWIRE / May 6, 2021 / National Energy Services Reunited Corp. ( NESR or the Company ) (NASDAQ:NESR)(NASDAQ:NESRW), a national, industry-leading provider of integrated energy services in the Middle East and North Africa ( MENA ) and Asia Pacific regions, today reported certain preliminary unaudited financial results for the quarter ended March 31, 2021. The Company posted the following results for the periods presented:
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Revenue for the first quarter of 2021 is $212 million, growing 7% year-over-year and remaining flat quarter-over-quarter
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Net cash provided by operating activities for the first quarter of 2021 is $47 million, improving $38 million year-over-year
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