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Wood Group profit up 39 pct as sales and margins rise

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Posted 04 March 2008 @ 08:26 am GMT

Energy services provider John Wood Group said on Tuesday its net profit rose 39 percent to 169 million pounds as booming investment in oil wells and other energy projects boosted revenues and margins.

Ian Wood, Wood Group's Chairman, added in a statement that he expected the market for energy services to remain strong.

(Reporting by Tom Bergin; Editing by Louise Ireland)

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