The American oil services company Halliburton announced on Monday in line with expectations, with net profit halved to 243 million and sales down sharply (-25%) in the fourth quarter.
For the last quarter, sales amounted to 3.686 billion dollars against 4.91 billion in the fourth quarter of 2008. Analysts had expected 3.63 billion.
Over the year, Halliburton recorded a turnover of 14.675 billion dollars, against 18.279 billion the previous year, representing a fall of 20% and a net profit of 1.145 billion.
Halliburton attributed the declines in turnover and net profit "falling prices and demand for products and services in North America, due to a significant reduction in the number of wells during the first half of the year.
The group's profitability has suffered heavily in 2009, operating income, to $ 2 billion, has been halved compared to 2008. 2010 should be a "transition year, with a sector that seek to balance the growth of supply with demand for oil that started," he added.
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