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OFS - CGG anticipates 2019 to be first profitable year since 2012 - January 2020

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CGG announced it will be back in the black in 2019 for the first time since 2012 and expects a positive net cash flow for the year of about $185 million. The Paris-based geoscience company forecast its 4Q19 revenue at $393 million, which would be its best quarterly figure in four years. The company also expects revenue from two of its three segments to be higher sequentially in 4Q19, with Geoscience revenue up 11%......
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