John Wood Group 2015 profit decreased 70.8 percent to $138.6 million
Earnings per share were 20.8 cents, lower than 85.8 cents a year ago. Adjusted pre-tax profit was $320.2 million, compared to $414.5 million last year. Adjusted earnings per share were 84 cents, compared to 99.6 cents last year.
Against a backdrop of significantly reduced customer activity, the Group delivered EBITA of $470 million in line with expectations and 14.5% lower than 2014.
Total revenue fell 23.2 percent to $5.85 billion. Revenue from continuing operations on an equity accounting basis declined 23.9 percent to $5 billion.
Further, the Board has recommended a final dividend of 20.5 cents per share, which makes a total distribution for the year of 30.3 cents, an increase of 10% in line with previously stated intentions.
The company's intention remains to increase the dividend for 2016 by a double digit percentage. ■
What to read next
More inside POST
How to turn a startup to a 'proper' company Leadership