05
Mar
15:04
McDermott sees 'peak' Mid-East fabrication activity
Strong fabrication activity in the Middle East helped McDermott grow consolidated revenue 13% on-year in 2017 to $ 2.98 billion, while net income surged five-fold to $178.5 million.
In the Middle East and Asia segment revenue soared 71% last year to $2.12 billion, with operating income up 169% to $448.2m. The segment “…finished the year with peak levels of fabrication activity and utilization of marine assets,” McDermott says in a report seen …
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