Petrofac Expects Full Year Profit to be Weighted Towards H2

Reuters

June 23 (Reuters) - Oilfield services company Petrofac Ltd said it expected its net profit for the year to be weighted towards the second half and that its order book at the end of May had grown to $20.5 billion.

Petrofac also expects to incur about $47.35 million in pretax costs at its Laggan-Tormore project in Shetland due to completion and pre-commissioning works.

(Reporting by Abhiram Nandakumar in Bengaluru; Editing by Anupama Dwivedi)

Copyright 2017 Thomson Reuters. Click for Restrictions.

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