It is a broadly described annual report of Petrofac in the year of 2017. During the financial year, Total assets of the Company stood at USD 7,563 Million. Revenue for the year was US$ 6,395 million (2016: US$ 7,873 million), down 19% from record levels in 2016. 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 increased 4% to US$ 730 million (2016: US$ 704 million). EBITDA margin increased to 11.4% (2016: 8.9%). The Company posted Profit/(loss) before taxes for the year USD 45 million. The net profit increased 7% to US$ 343 million (2016: US$ 320 million). The reported net loss was US$ 29 million (2016: US$ 1 million net profit). The diluted earnings per share for the year was 100.9 cents per share (2016: 93.3 cents per share).
The Board of Directors of the Company has recommended a final dividend of 25.3 cents per share for the year ended 31st December 2017 (2016: 43.8 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
