03 February 2021
Petrofac announces revised date for 2020 Full Year Results
Petrofac Limited confirms that the Group’s results for the period ending 31 December 2020 will be published by mid April (1). This rescheduling is due to the heightened challenges in preparing and auditing financial information during the ongoing COVID-19 pandemic, which has resulted in restrictive lockdown measures. This decision is consistent with the recommendations set out in last week’s joint statement (2) by the Financial Reporting Council and the Financial Conduct Authority to extend reporting deadlines to take account of such challenges.
- The date for release will be made available on our website in due course.
- On 27 January 2021, the Financial Reporting Council (FRC) and the Financial Conduct Authority (FCA) published updated guidance for companies and auditors to ensure high quality financial information continues to flow, taking into account the challenges presented by remote working, travel restrictions, home schooling, staff sickness and the uncertain economic outlook, which continues to have a major impact on the preparation of financial accounts. (Link: https://www.frc.org.uk/news/january-2021-(1)/joint-regulators-statement-for-companies,-auditors)