Offshore vessel charterer TGS-Nopec Geophysical is looking ahead optimistically despite a weaker second quarter.
The seismic survey company said net earnings to 30 June were $9.6m, from $16.8m in 2016.
Revenue dipped to $107.67m, versus $114.36m in 2016.
But it pointed to a strong cash flow resulting in a cash balance of $239m.
It also sees an increased backlog and record-high survey acquisition activity for the third quarter.
The company had two 2D vessels, two multibeam units, a seafloor-sampling ship.