John Wood yearly profit down, dividend up
Net profit fell to $27.8 million in the year to end-December from $79 million the previous year on a drop in revenue to $4.12 billion from $5 billion.
The company lifted its final dividend to 22.5 cents a share from 20.5 cents, making for a 10% higher full-year dividend of 33.3 cents a share.
The company said it is cautious on the short-term outlook, but confident of its resilience in tough trading conditions in the oil sector. ■