Brazil \ CFE \ DEME \ dredging news \ marine news

CFE first-half profit tumbles 18% on DEME contract termination

Cie. d’Entreprises CFE SA, the construction firm that owns half of Dredging Environmental & Marine Engineering NV, said profit declined 18 percent in the first half on losses from a cancelled DEME contract in Brazil. Net income dropped to 26.2 million euros ($37.7 million), or 2 euros per share, from 32.1 million euros, or 2.46 […]