It is a broadly described annual report of Petrofac in the year of 2016. During the financial year, Total assets of the Company stood at USD 8,241 Million. During the year, Group revenue increased 15% to US$ 7,873 million (2015: US$ 6,844 million). Group operating profit for the year was lower at US$ 691 million (2013: US$ 793 million), representing an operating margin of 11.1% (2013: 12.5%). EBITDA was significantly higher at US$ 704 million (2015: US$ 312 million). The Company posted Profit/(loss) before taxes for the year USD 100 million. The net profit increased to US$ 320 million (2015: US$ 9 million). Reported net profit was US$ 1 million (2015: US$ 349 million net loss). The earnings per share were 93.29 per share on a fully diluted basis (2015: 2.65 cents).
The Board of Directors of the Company has recommended a final dividend of 43.80 cents per share for the year ended 31st December 2016 (2015: 43.80 cents).
More Annual Report of Petrofac:
- Annual Report 2004 of Petrofac
- Annual Report 2005 of Petrofac
- Annual Report 2006 of Petrofac
- Annual Report 2007 of Petrofac
- Annual Report 2008 of Petrofac
- Annual Report 2009 of Petrofac
- Annual Report 2010 of Petrofac
- Annual Report 2011 of Petrofac
- Annual Report 2012 of Petrofac
- Annual Report 2013 of Petrofac
- Annual Report 2014 of Petrofac
- Annual Report 2015 of Petrofac
- Annual Report 2016 of Petrofac
- Annual Report 2017 of Petrofac
