Petrofac optimistic despite decline in earnings - The National:
"Petrofac has reiterated its target to double its profits in the five years to 2015, even as earnings declined in the first half of the year.
Net profit in the six month to June fell by a quarter to US$243 million, as revenue dropped by 13 per cent to $2.8 billion.
But the oil and gas construction company, which has a subsidiary in Abu Dhabi, is confident that earnings will rebound in the second half of the year."
'via Blog this'
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