Petrofac reiterates full-year profit target

Oil and gas services group Petrofac has said that its year-to-date performance has been in line with expectations and it still remains on track to grow net profits by at least 15 per cent in 2012.

Oil and gas services group Petrofac has said that its year-to-date performance has been in line with expectations and it still remains on track to grow net profits by at least 15 per cent in 2012.

"We have started the year well and are making good operational progress across our portfolio of projects. We continue to bid actively in our core markets and believe that our differentiated and competitive offering positions us well to capitalise on the large number of opportunities we see," said Chief Executive Ayman Asfari.

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