Date: 5 months ago   Category: Energy

The net profit of Baker Hughes in the III quarter has made $13 million against a loss the previous year — Rambler News Service


The net profit of the American oilfield services company Baker Hughes (Baker Hughes, a GE company, BHGE) has made in the III quarter 2018 $13 million against net loss of $134 million in the III quarter of last year, it is told in the reporting of the company. In January-September BHGE has got net profit of $64 million against net loss of $134 million for the same period of 2017. The revenue of the company has increased in the III quarter by 6,9% — to $5,665 billion. In nine months the revenue of the company has grown by 46% — to $16,612 billion. Profit before the taxation has made in the III quarter $233 million against $230 million a loss for the same period the previous year. In nine months of the current year profit before the taxation has made $206 million against a loss of $186 million in January — September of last year. As it was reported earlier, last summer the American General Electric has finished purchase of the Baker Hughes oilfield services company. According to terms of transaction, GE 62,5% of the company, and to shareholders of Baker Hughes — 37,5% belong. The company works under the name of Baker Hughes, a GE company (BHGE).

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