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CGG Reports Profit In 2012 - Quick Facts

2/28/2013 2:03 AM ET

CGG (CGG) reported fiscal 2012 net income of $91 million, compared to a loss of $14 million, restated, last year. The company's 2012 result include the impact of non-recurring items related to the acquisition of Fugro Geoscience Division. Before the impact of non-recurring items related to the acquisition of Fugro Geoscience Division, net income for 2012 was $123 million or $0.65 per share.

Net income to owners was $74.2 million compared to a loss of $28.2 million pror year. Profit per share was $0.46 compared to a loss of $0.18 per share prior year. Revenue increased to $3.41 billion from $3.18 billion last year.

Earnings Before Interest & Tax, or EBIT, before the impact of non-recurring items, was $403 million.

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by RTT Staff Writer

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