Petrofac 2017 interim results

DividendMax Ltd.

Petrofac 2017 interim results

Petrofac 2017 interim results

Good operational performance and order intake in our core businesses

Business performance net profit down 4% to US$158 million(1)

o Group net profit (excluding IES) of US$177 million

o IES net loss of US$19 million

Reported net profit includes post-tax impairments and exceptionals of US$88 million

New order intake of US$2.7 billion year to date; backlog of US$12.5 billion at 30 June 2017

Net debt of US$1.0 billion, in line with expectations

Taking range of measures to strengthen balance sheet and reduce net debt

Interim dividend rebased to 12.70 cents per share (2016: 22.00 cents)

Companies mentioned