Dec 19, 2010

Petrofac announces positive year-end results



Oil and gas facilities provider Petrofac (PFC) today said its net profit for the year was in line with expectations, with like-for-like year-on-year growth of at least 20%.
In its pre-close trading update the FTSE 100-listed firm said it expected order intake for the year to 31 December to be $4.4 billion. This will result in a year-end backlog of around $8.4 billion, up from $8.1 billion in the same period last year.
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Source: Interactive Investor

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