Interim condensed consolidated income statement

                                                    Notes *Business performance US$m Exceptional items and certain re-measurements US$m Six months ended 30 June 2016 Unaudited US$ *Business performance US$m Exceptional items and certain re-measurements US$m Six months ended 30 June 2015 Unaudited US$m
Revenue 4 3,888 - 3,888 3,180 - 3,180
Cost of sales   (3,528) - (3,528) (3,098) - (3,098)
Gross profit   360 - 360 82 - 82
Selling, general and administration expenses 5 (129) - (129) (183) - (183)
Exceptional items and certain re-measurements 6 - (129) (129) - (50) (50)
Other operating income   13 - 13 14 - 14
Other operating expenses 7 (9) - (9) (1) - (1)
Profit/(loss) from operations before tax and finance (costs)/income   235 (129) 106 (88) (50) (138)
Finance costs   (53) - (53) (53) - (53)
Finance income   1 - 1 3 - 3
Share of profits of associates/joint ventures 13 4 - 4 5 - 5
Profit/(loss) before tax   187 (129) 58 (133) (50) (183)
Income tax (expense)/credit 8 (44) 6 (38) - 1 1
Profit/(loss) for the period   143 (123) 20 (133) (49) (182)
Attributable to:              
- Petrofac Limited shareholders   135 (123) 12 (133) (49) (182)
- Non-controlling interests   8 - 8 - - -
    143 (123) 20 (133) (49) (182)
Earnings per share (US cents) on profit/(loss) attributable to Petrofac Limited shareholders  9            
- Basic   39.71 (36.18) 3.53 (39.33) (14.19) (53.52)
- Diluted   39.36 (35.86) 3.50 (39.33) (14.19) (53.52)

 

*This measurement is shown by Petrofac as it is used as a means of measuring the underlying performance of the business, see note 2.

Download notes to the financial statements (PDF)