UK's Petrofac plummets as half-yearly losses surge

Petrofac

30/09/2024 08:49

Sept 30 (Reuters) - Shares of British oilfield services
provider Petrofac  PFC.L  dropped 33% on Monday after the
company reported a bigger half-yearly losses, amid difficulties
in closing legacy contracts in its biggest division.
    The Jersey-based company reported its net loss widened to
$208 million in the six months ended June 30 from $141 million
in the same period last year.

 (Reporting by Yamini Kalia in Bengaluru; Editing by Savio
D'Souza)
 ((Yamini.Kalia@thomsonreuters.com;))