Annual Report 2007 of Petrofac

It is a broadly described annual report of Petrofac in the year of 2007. During the financial year, Total assets of the Company stood at USD 1,748,007 Million. During the year, Total Revenue of the Company increased by 30.9% to US$ 2,440.3 million (2006: US$ 1,863.9 million). Operating profit increased by 46.6% to US$ 248.5 million (2006: US$ 169.5 million). Operating margins increased to 10.2% (2006: 9.1%). EBITDA increased from US$198.3 million to US$301.3 million, representing an EBITDA margin of 12.3% (2006: 10.6%). The Company posted Profit before taxes for the year USD 258,233 million. Net profit increased from US$ 120.3 million in the prior year to US$ 188.7 million for the year ended 31^st December 2007, an increase of 56.9%. The net margin increased 1.2% points to 7.7% (2006: 6.5%). Fully diluted earnings per share increased from 34.87 cents per share in 2006 to 54.14 cents in 2007, an increase of 55.3%.

The Board of Directors of the Company has recommended a final dividend of 11.50 cents per share for the year ended 31^st December 2007 (2006: 6.43 cents).

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