Annual Report 2008 of Petrofac

It is a broadly described annual report of Petrofac in the year of 2008. During the financial year, Total assets of the Company stood at USD 2,269,821 Million. During the year, Total Revenue of the Company increased by 36.4% to US$ 3,329.5 million (2007: US$ 2,440.3 million). Group operating profit increased by 43.1% to US$ 355.6 million (2007: US$ 248.5 million) and operating margins increased to 10.7% (2007: 10.2%). EBITDA increased to US$ 419.0 million (2007: US$ 301.3 million), representing an EBITDA margin of 12.6% (2007: 12.3%). The Company posted Profit before taxes for the year USD 358,368 million. Net profit increased to US$ 265.0 million for the year ended 31^st December 2008 (31^st December 2007: US$ 188.7 million), an increase of 40.4%. Fully diluted earnings per share increased from 54.61 cents per share in 2007 to 77.11 cents in 2008, an increase of 41.2%.

The Board of Directors of the Company has recommended a final dividend of 17.90 cents per share for the year ended 31^st December 2008 (2007: 11.50 cents).

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