News
December
- Press Statement28 December 2006
- Graduates Complete Training Programme19 December 2006
- Trading update18 December 2006
- Investment in UK North Sea Interest18 December 2006
- Education Project for Sudanese Community14 December 2006
- Petrofac Awarded Duty Holder Contract in the Southern North Sea14 December 2006
- UK's First Pipeline Training Facility opens in the UK1 December 2006
November
- Petrofac Awarded Irish Sea Duty Holder Contract27 November 2006
- Petrofac Wins Consecutive Gas Plant Contract in Egypt27 November 2006
- Petrofac Wins OCA Awards22 November 2006
- Hasdrubal Gas Plant Contract Award in Tunisia15 November 2006
- WaGE Meets Major Milestones14 November 2006
- Petrofac Wins Gas Plant Contract in Egypt14 November 2006
- Petrofac Awarded Strasshof Development FEED13 November 2006
- First Cargo Lifting from Cendor Field, Malaysia9 November 2006
- Investment in Tunisian Interest9 November 2006
September
August
July
June
May
April
March
- Petrofac Training to establish Deepwater Training function for BP USA29 March 2006
- Petrofac Training Secures Contract with ECITB24 March 2006
- Shell Selects RGIT Montrose to Deliver New Standard in Water Survival Training in the Gulf of Mexico6 March 2006
- Petrofac Wins Contract in Kazakhstan with Karachaganak Award1 March 2006
February
January
Interim Results Announced
18 September, 2006
INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2006
Petrofac Limited (Petrofac, the group or the Company), a leading international provider of facilities solutions to the oil & gas production & processing industry, today announces its interim results for the six months ended 30 June 2006.
FINANCIAL HIGHLIGHTS*
- Revenue up 34% to US$927 million (2005: US$692 million)
- EBITDA(1) up 63% to US$88.8 million (2005: US$54.3 million)
- Net profit(2) up 67% to US$52.6 million (2005: US$31.5 million)
- First half order intake(3) of $1 billion with backlog(4) of US$3.3 billion at 30 June 2006 (31 December 2005: US$3.2 billion)
- Earnings per share (diluted) up 60% to 15.23 cents (2005: 9.50 cents)
- Interim dividend of 2.40 cents per ordinary share
* continuing operations
Commenting on the results, Ayman Asfari, Petrofac's Group Chief Executive, said:
"I am delighted to be able to report that Petrofac has continued to perform well in the first half 2006 with strong growth in revenue & profits. With the prevailing positive market conditions, we believe the group is well positioned to benefit from the continuing strong demand for oil & gas services."
The full results are available as a PDF from our downloads section or as text from our investor relations section.