French company CGGVeritas jumped back into the black during the first half of the year as it forecast revenues to continue growing for the remainder of the year.

The company posted a net profit of $30.3 million for the first six months of the year, recovering from a net loss of $75.2 million booked during the first half of 2011.

CGGVeritas’ return to profit came as the company posted a 9% jump in revenue during the first half of the year to $1.6 billion, up from just under $1.5 billion during the same period last year.

The majority of the company’s revenue came from its services division which posted a 6% rise year-on-year, generating $1.1 billio

CGGVeritas attributed the strong performance from the division to a better operational performance of its fleet, sustained activity in processing and imaging and an increase in multi-client revenue.

The company’s Sercel division posted a 17% rise in revenue, bringing in $633 million, which it attributed to strong land equipment deliveries.

CGGVeritas maintained a positive outlook for the remainder of the year, forecasting full year revenues to grow between 10% and 15%.