Swiss drilling contractor Transocean has posted a half year loss in revenues, due to a number of “unfavorable items” bringing down the accounts.
Revenues for up to June 2017 amounted to £1.1billion down compared to the £1.6billion made in the same period last year.
The company made a loss of £1.2billion compared to a pre-tax profit of £343million last year
Second quarter 2017 results included net unfavorable items of £1.3 billion write down including a loss on the divestiture of the jackup fleet, impairment of the midwater floater asset group, the early retirement of debt as well as litigation matters and restructuring charges.
Revenues for up to June 2017 amounted to £1.1billion down compared to the £1.6billion made in the same period last year.
The company made a loss of £1.2billion compared to a pre-tax profit of £343million last year
Second quarter 2017 results included net unfavorable items of £1.3 billion write down including a loss on the divestiture of the jackup fleet, impairment of the midwater floater asset group, the early retirement of debt as well as litigation matters and restructuring charges.
In addition, CEVA has recently opened a specialist warehouse for healthcare and beauty products to support Carrefour’s new parapharmacy concept which will be developed over the coming years. This 7,000 sq m facility, close to the southern city of Reims will initially employ 80 staff which will be further expanded as the new parapharmacy business stream goes live within the Carrefour network.
"Key to the success is to understand the way Carrefour and the stores operate", states CEVA's Managing Director France, Robert Plent. "We permanently adapt our processes in order to deliver the best value to the stores. They like the entrepreneurial spirit and a swift decision-making process and this means we can design solutions for them which can be effective immediately. This includes challenging each other with concepts and ideas which will improve their business for the long-term. It also opens the potential to introduce other value-added services in the future".
