Market Overview

Petrofac Reports 31% Surge In Net Profit

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Petrofac Ltd (OTC: POFCY) reported a 31% rise in its first-half net profit.

Petrofac's net profit for the period rose to $246.5 million. Its revenue surged 25% to $2.71 billion.

Petrofac also raised its interim dividend payment by 26% to 17.4 cents per share.

Petrofac shares gained 3.43% to close at $9.95 on Friday.

 

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