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Petrofacs earnings for the first half of the year rose 6.6 per cent to US$246mn compared with the same period last year and revenues increased by 25.2 per cent to US$2.7 billion as the result of new awards.

Maritime Industrial Services Co. (MIS) posted weaker second quarter 2011 results with revenue falling by 44 per cent and profits took a tumble with MIS posting a loss of US$6.1mn.

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