* FY EBITA $461 mln stg vs $342 mln yr ago
* Sees growth in all divisions in 2013
* Oman 2012 loss $20 mln, at top end of guidance
LONDON, March 5 British energy services company
John Wood Group posted a 35 percent jump in profits on
Tuesday thanks to an increase in spending from oil and gas
companies, which it said is set to continue this year.
Wood Group, which designs, builds and maintains oil and gas
facilities and pipelines, said earnings before interest, tax and
amortisation (EBITA) for continuing operations was $461.1
million in 2012, in line with expectations.
"We anticipate good progress in all divisions in 2013," said
the company's chief executive Bob Keiller in a statement.
The group's engineering division is expected to deliver
EBITA growth of around 15 percent in 2013, it said, thanks to
prospects in a number of key regions including the Gulf of
Mexico, the Middle East, Norway and Asia Pacific.
Last week, peer Petrofac posted a 17 percent rise in
net profit to $632 million, narrowly missing forecasts.
John Wood said it expects improvement on a difficult Oman
project, where delays have ratcheted up losses and weighed on
its shares. It confirmed that losses in Oman were $20 million in
2012, at the top end of a previous guidance range.
The company hiked its full-year dividend 26 percent to 17