UK's Petrofac soars 35% after bagging $1.4 bln contract

Petrofac

20/12/2023 09:00

** Shares of oilfield services firm Petrofac  PFC.L  up 35%
at 30.20p; stock top pct gainer in FTSE Small Cap  .FTSC  index
    ** Co secures second contract, valued at $1.4 bln, under its
deal with Dutch electricity company Tennet
    ** Co expects to report $2.5 bln in total revenue for year,
vs company-compiled analysts' consensus estimate of $2.67 bln
    ** Shares on track to post best day since March 30, if trend
holds
    ** Stock down 57% YTD, including session's gains



 (Reporting by DhanushVignesh Babu in Bengaluru)
 ((DhanushVignesh.Babu@thomsonreuters.com;))