August 20, 2019 / 6:25 AM / a month ago

UK's Wood to sell nuclear energy unit for $305 million

Aug 20 (Reuters) - British oilfield services provider Wood Plc said on Tuesday it would sell its nuclear energy business for about $305 million to Jacob Engineering and reported a 2.6% drop in first-half revenue.

It reported adjusted core earnings of $384 million, with margins of 8%.

Total revenue fell to $4.79 billion compared with $4.92 billion last year and total order book stood at $9.19 billion as of June 30, also down from a year earlier. (Reporting by Yadarisa Shabong in Bengaluru; Editing by Arun Koyyur)

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