Petrofac today announced results for the first six months ended 30 June 2011.
FINANCIAL HIGHLIGHTS
Ayman Asfari, Petrofac’s group chief executive commented on the interim results:
“We have had a successful year to date, with good operational performance across our portfolio of projects and encouraging progress against our recently announced Integrated Energy Services strategy. We are well on course to deliver like-for-like net profit growth in 2011 of at least 15% and in-line with current market expectations.
“With a strong financial position, a differentiated and competitive offering and a proven track record in project execution, we remain confident of achieving our medium-term growth target of more than doubling our recurring 2010 earnings by 2015.”
[mappress] Source: Petrofac, August 22, 2011;