Wednesday, May 9, 2007

UPDATE 1-CGGVeritas Q1 profits rise, ups synergies target

(Reuters) - The group, born from the merger of Compagnie Generale de Geophysique and Texas-based Veritas that came into effect on Jan. 12, also raised its target for 2008 merger synergies to more than $75 million from $65 million previously.

The world's biggest listed provider of seismic surveys, which are used to make detailed maps of potentially oil-bearing deposits, generated operating profit of $188.3 million in the three months to March 31.


Read more at Reuters.com Market News

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