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Thalassa profit rises after gain on WPG sale

By BFN News | 10:00 AM | Monday 17 September, 2018

Geophysical services company Thalassa booked a large rise in first-half profit after it sold its WPG business for a $7.4m gain. Net profit for the six months through June was $4.4m, compared to a profit of $842k on-year. 'The Board of Thalassa with an average age in excess of 65 is somewhat concerned about the market in general and, therefore, cautious in its view as to how the Company's cash should be redeployed,' the company said. At 10:00am: (LON:THAL) Thalassa Holdings Ltd share price was +2.5p at 92.5p Story provided by

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