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John Wood Group   Earnings per share fell from 85.8 cents to 20.8 cents

John Wood Group 2015 profit decreased 70.8 percent to $138.6 million

John Wood GroupJohn Wood Group reported that its fiscal 2015 profit from continuing operations before tax, on an equity accounting basis, decreased 70.8 percent to $138.6 million from $475.1 million last year.

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.

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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.




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