The company has, however, pointed to increased opportunities for contracts across the globe and is looking for double-digit revenue growth.

Net profit for the 12 months to the end of December was $539.58 million as against $557.85 million a year earlier.

This was despite revenues booming from $4.35 billion to $5.8 billion, driven largely by the Asab oilfield development in Abu Dhabi and the second phase of the South Yoloten project in Turkmenistan.

Net