TechnipFMC takes Q3 losses amid reduced activity in North Sea and Asia

TechnipFMC takes Q3 losses amid reduced activity in North Sea and Asia

TechnipFMC (NYSE: FTI)  stayed in the red in Q3, with pre-tax losses of $26.7m, as market momentum in the North Sea and Asia slowed.

However the results are an improvement on the same period last year, a deficit of $49.7m, amid the height of Covid.

Revenues dropped slightly to $1.57bn, from $1.66bn in Q2 of this year and $1.7billion in Q3 2020.