Revenues up by a fifth at Wood Group

Wood Group's strategy to focus more on its positions in engineering, production facilities support and gas turbine services seems to be paying off, after the group reported strong growth in both profits and revenues in 2011.

Wood Group's strategy to focus more on its positions in engineering, production facilities support and gas turbine services seems to be paying off, after the group reported strong growth in both profits and revenues in 2011.

Profit from continuing operations before tax and exceptionals increased 62.7% to $254.1m, compared with $156.2m the year before. 'Continuing operations' include PSN since the acquisition in January 2011 and excludes the Well Support division which was disposed of in February.

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