Electromagnetic Geoservices (EMGS) has reduced its fourth quarter loss and improved its final result for the full year.
The seismic survey vessel owner saw fourth quarter red ink of $14.9m, down from $22.1m a year earlier.
EMGS said it maintained a solid presence in key areas while its ships performed well in Asia and Norway.
A stable oil price was another positive factor that helped the company secure better rates compared to 2015.
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