LONDON Feb 26 British energy services firm
Petrofac posted full-year profit ahead of forecasts on
Wednesday and repeated a cautious outlook for the year ahead,
expecting little or no growth as oil companies cut investment.
Petrofac reported full-year net profit of $650 million, up 3
percent on 2012 from revenue of $6.3 billion - up 1 percent on
the previous year.
A Thomson Reuters I/B/E/S poll of analysts estimated full-
year net profit of $644 million and revenues of $6.5 billion.
The company repeated that despite the weak forecast for
2014, it expected to return to strong growth in 2015.