Oilfield support services titan Petrofac says it is growing increasingly confident of hitting its mid-term target of more than doubling its recurring 2010 group earnings by 2015, after a solid 2011.
Revenue in the year was up by a third to $5.8bn from $4.4bn in 2010. Profit before tax climbed to $680.6m from $668.4m, while diluted earnings per share jumped by a quarter to 157.13 cents from 126.09 cents the year before. The full year dividend has been increased more or less in line with earnings, up 24% to 37.20 cents (23.39p) from 30 cents in 2010.
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Norfolk or Norway? Holidays you can afford with different-sized pension potsMany people look forward to taking more holidays when they retire. But what sort of trips could your pension buy you? We look at the holidays to match different retirement incomes
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Q&A: Issac Thong – new lead manager of Aberdeen Asian Income Fund
