LONDON (dpa-AFX) - Petrofac Limited (PFC) that designs, builds, manages, and maintains infrastructure for the energy industries on Thursday reported narrower loss for the first half, despite a drop in revenues.
The results of the six months were a loss of 14 million as compared to a loss of 89 million in the prior period.
Excluding items, the six months resulted in a loss of $35 million as compared to a profit of 41 million in the year-ago period.
EBIT declined to $2 million, from $49 million in the corresponding period of the previous half year.
Revenue for the six months ended June was $1.23 billion as compared to $1.60 billion in the prior period.
Shares of Petrofac Limited closed Wednesday's trading at 115.30 pence, down 1.60 pence or 1.37 percent from the previous close.
Copyright(c) 2022 RTTNews.com. All Rights Reserved
Copyright RTT News/dpa-AFX
© 2022 AFX News