Market Overview

Petrofac H1 Net Profit Up 32%

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Petrofac Ltd (OTC: POFCY) posted a 32% surge in its first-half net profit.

Its revenue for the period climbed 20% to $3.2 billion, from $2.7 billion, in the year-ago period. Its net profit jumped 32% to $325.3 million, from $246.3 million.

Petrofac's diluted earnings per share jumped 32% to 94.82 cents, from 71.84 cents.

Petrofac shares closed at $12.34 on Friday.

 

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