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SFO inquiry dents Petrofac

Aug 29, 2019 - The Daily Telegraph (London)

A Serious Fraud Office investigation into Petrofac relating to allegations the oilfield services firm used bribes to win contracts in Iraq and Saudi Arabia has squeezed its core profits. Revenue for the six months to June edged up 1.3pc to $2.8bn (£2.3bn) but pre-tax profit before exceptionals dropped 8.8pc to $208m.