Petrofac sees further decline in revenue in 2020 [Reuters]
PETROFAC LTD UNSP/ADR (POFCY)
NASDAQ:AMEX Investor Relations:
petrofac.com/en-gb/investors
Company Research
Source: Reuters
Petrofac sees further decline in revenue in 2020 Feb 25 (Reuters) - Oilfield services provider Petrofac reported a 16.7% drop in core profit for 2019 on Tuesday and reiterated forecasts of a decline in revenue this year as it recovers from a hit to orders in Saudi Arabia and Iraq last year. Petrofac officials said last June that the company had lost out on $10 billion worth of contracts globally due to a probe by Britain’s Serious Fraud Office into dealings in Saudi Arabia and Iraq that saw its former head of sales convicted of bribery a year ago. The company said earnings before interest, tax, depreciation and amortization(EBITDA) fell to $559 million for the 12 months ended Dec. 31 from $671 million a year earlier. (Reporting by Muvija M and Shanima A in Bengaluru; editing by Patrick Graham)
Show less
Read more
Impact Snapshot
Event Time:
POFCY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
POFCY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
POFCY alerts
High impacting PETROFAC LTD UNSP/ADR news events
Weekly update
A roundup of the hottest topics
POFCY
News
- UK's Petrofac says still grappling with challenging contracts, shares tumble [Reuters]Reuters
- Institutions own 26% of Petrofac Limited (LON:PFC) shares but retail investors control 57% of the company [Yahoo! Finance]Yahoo! Finance
- UK's Serious Fraud Office charges two former Petrofac executives with bribery [Reuters]Reuters
- Former Petrofac Bosses Charged With Bribery by SFO [BNN Bloomberg (Canada)]BNN Bloomberg
- Two men charged with bribery over Petrofac contracts, UK court listing show [Reuters]Reuters