Daily Management Review

Halliburton increases net profit for 9 months to $ 992 million


The net profit of the American oilfield services company Halliburton Inc., attributable to the parent company, increased 2.7 times in January-September 2018 and amounted to $ 992 million, follows from the company's statements.

The net profit of Halliburton per ordinary share in the reporting period was $ 1.13 against $ 0.41 a year earlier. The company's revenue amounted to $ 18.059 billion, an increase of 23% in annual terms.

At the same time, in the third quarter of 2018, Halliburton increased its net profit by 19% to $ 435 million compared to the same period a year earlier. Earnings per share of the company in July-September amounted to $ 0.5 versus $ 0.42 a year earlier. Analysts predicted a figure of $ 0.49. Quarterly revenue increased by 13.3% yoy to $ 6.172 billion.

"I am pleased with our financial results for the third quarter. Our team optimized the company's work in North America in the face of short-term problems, and the recovery of our international operations continued," said Jeff Miller, President and Chief Executive Officer.

Halliburton Inc. was founded in 1919. The American company manufactures equipment for drilling wells, maintains pipelines, tank farms, develops IT solutions for the industry. Headquartered in 70 countries, the corporation is located in Houston, Texas. The number of employees is more than 55 thousand people.

source: bloomberg.com