Petrofac Posts Wider Loss In FY23
LONDON (dpa-AFX) - Petrofac Ltd. (POFCF.PK, POFCY.PK, PFC.L), on Friday, reported a net loss of US$505 million for the year ended 31 December 2023, compared to a loss of US$320 million incurred
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LONDON (dpa-AFX) - Petrofac Ltd. (POFCF.PK, POFCY.PK, PFC.L), on Friday, reported a net loss of US$505 million for the year ended 31 December 2023, compared to a loss of US$320 million incurred
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Shares in Petrofac Ltd plunged on Monday after it warned a financial restructuring could see a chunk of its debt converted to equity, resulting in dilution of existing shareholders. The company also...