UK services provider Petrofac just about returned to the black last year despite large impairments as revenues spiked.
The London-listed company made a net profit of $1 million as against a loss of $349 million a year earlier, while revenues rose from $6.84 billion to $7.87 billion.
The bottom line was hit by $319 million in exceptional items, of which $298 million were non-cash items.
