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Petrofac Ltd Updates FY 2013 Net Profit Guidance; Reaffirms FY 2015 Earnings Guidance; Comments On H2 2013 Net Profit Guidance-DJ


Tuesday, 25 Jun 2013 02:12am EDT 

Dow Jones reported that Petrofac Ltd said that it expect to achieve modest net profit growth in fiscal 2013 and, looking further ahead, remains on track to more than double fiscal 2010 Group earnings by fiscal 2015. Fiscal 2013 net profit expected to be significantly weighted towards second half of 2013, reflecting the phasing of OEC and IES project delivery over the course of the year. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report net income of $665.09 million for fiscal 2013; net income of $867.53 million for fiscal 2015. 

Company Quote

1161.0
-5.0 -0.43%
11 Jul 2014