Aug 16 (Reuters) - Oilfield services company John Wood Group Plc reported a 26.3 percent fall in first-half core earnings, hurt by weak demand from oil and gas producers.
The company, founded in 1912 as a ship repair and marine engineering firm, said earnings before interest, tax and amortisation (EBITA) fell to $166.4 million, from $225.9 million a year earlier.
John Wood, which counts BP Plc as one of its customers, maintained its forecast for a 20 percent drop in full-year EBITA.
(Reporting by Pranav Kiran in Bengaluru; Editing by Sunil Nair)
Copyright 2017 Thomson Reuters. Click for Restrictions.
WHAT DO YOU THINK?
Click on the button below to add a comment.
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
Most Popular Articles
From the Career Center
Jobs that may interest you