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Wood Group reports 2013 profit up 14 percent

Tue, 18th Feb 2014 07:17

LONDON, Feb 18 (Reuters) - British energy services companyWood Group reported on Tuesday an increase in full yearprofit of 14 percent, in line with the firm's expectations, asstrong performance in services and engineering offset weaknessin its gas turbine division.

The company reported pre-tax profit of $413 million onrevenue of $7.1 billion for 2013, slightly below analystforecasts.

A Thomson Reuters I/B/E/S poll of analysts estimated pre-taxprofit of $445 million from revenue of $7.2 billion.

Wood Group said it expected overall growth in 2014.

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