UK-based services provider John Wood Group saw first-half revenues and profits dip amid a strengthening of the US dollar and a slowdown in the oil and gas sector. Revenue fell to $2.4 billion from $2.5 billion a year ago. John Wood said the decline reflected the stronger dollar holding back its oil production and gas turbine business. In constant currency, revenue was up 7%. Profits dropped by 11% to $106.9 million, and earnings before interest, tax and amortization by 10% to $187.7 million.
展开▼
