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Amec Foster Wheeler reports eight percent dip in first-half trading profit

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Amec Foster Wheeler reports eight percent dip in first-half trading profit

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(Reuters) – British oil and gas services company Amec Foster Wheeler Plc <AMFW.L>, which is being bought by John Wood Group Plc <WG.L>, reported an 8 percent fall in its half-year trading profit, hurt by weak upstream oil and gas markets. The company reported a trading profit of 162 million pounds ($210.2 million) for the first half ended June 30, compared with 177 million pounds a year ago. Revenue fell 18 percent to 2.33 billion pounds in the period.

(Reporting by Sanjeeban Sarkar in Bengaluru; Editing by Gopakumar Warrier)
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