June 24, 2020 / 6:12 AM / 11 days ago

BRIEF-Petrofac Says Trading & Awards Materially Impacted By Covid-19, Fall In Prices

June 24 (Reuters) - Petrofac Ltd:

* PETROFAC - ON TRACK TO DELIVER US$125 MILLION OF COST SAVINGS IN 2020 AND UP TO US$200 MILLION IN 2021

* PETROFAC - TRADING AND AWARDS MATERIALLY IMPACTED BY COVID-19 AND SHARP FALL IN OIL AND GAS PRICES

* PETROFAC - NET DEBT WAS APPROXIMATELY US$139 MILLION AS AT 31 MAY 2020

* PETROFAC - FULL YEAR 2020 REVENUE AND MARGIN GUIDANCE REMAINS SUSPENDED

* PETROFAC - NEW ORDER INTAKE OF US$1.0 BILLION IN YEAR TO DATE Source text for Eikon: Further company coverage:

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