PDA drag panel
BUSINESS ANALYSIS DECADAL
: FGH provides conversion, retrofit and repair servicesfor offshore drilling rigs, including jackups, submersibles,semisubmersibles and drillships. For the 3 months ended 3/31/00, revenues rose 46% to $211.9M. Net loss totaled $3.1M vs. income of $10M. Revenues reflect the merger with Halter Marine Group, Inc. Net loss reflects a decreased gross profit due to a shift in product mix and increased S/G/A expenses as a result of the merger.