Group revenues were down to $4.93 billion in 2016 from $5.85 billion in 2016, the company said.
Profit fell 62% to $34.4 million for the year to the end of December from $90.1 million a year earlier.
Wood Group said it was seeing signs of a potential uptick in onshore spending in North America but oil and gas markets overall continued to “present challenges” and it remained cautious about the near-term outlook.
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