CGG Q2 Loss Narrows - Quick Facts

(RTTNews) - CGG (CGG), world leader in Geoscience, reported a second quarter loss to owners of $61.5 million compared to a loss of $326.5 million, a year ago. Loss per share was $0.35 compared to a loss of $1.85.

After non-recurring charges, Group EBITDAs was $106 million compared to $98 million, a year ago. Before non-recurring charges, Group EBITDAs was $112 million, compared to $194 million, prior year.

Operating revenues were $472.6 million compared to $689.1 million, a year ago.

Jean-Georges Malcor, CGG CEO, said, "The efficient rollout of our Transformation and cost reduction Plan is on schedule. All our activities except for marine Data Acquisition made positive contributions to our operating result this quarter."