June 19, 2020 / 6:42 AM / 19 days ago

Wood Group flags 19% slump in first-half earnings

(Reuters) - Engineering and consultancy company Wood Group Plc (WG.L) said on Friday it expects its first-half core earnings to drop 19%, as the slump in oil prices led to delays in order intake.

Wood, which provides engineering and technical services to industrial and energy markets, said its adjusted earnings before interest, taxes, depreciation, and amortisation could come between $295 million (£237 million) and $305 million, with order book at the end of May down about 11%.

Reporting by Shanima A in Bengaluru, Editing by Sherry Jacob-Phillips

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