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EMGS Shows Strong Q2 Utilization and Revenue Growth

EMGS Shows Strong Q2 Utilization and Revenue Growth

ElectroMagnetic GeoServices ASA (DE:E2M) has released an update.

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ElectroMagnetic GeoServices ASA reports a vessel utilization rate of 51% for Q2 2024, a significant increase from 0% in the same period last year, with expected multi-client revenues of approximately USD 13.3 million. The Atlantic Guardian has completed a project in Brazil and is moving towards Norway for upcoming prefunded projects. Financial results for the quarter will be published on August 22, 2024.

For further insights into DE:E2M stock, check out TipRanks’ Stock Analysis page.

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