Halliburton almost doubled its profit











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(Boursier.com) — Halliburton , oil services giant, announced on Tuesday an 85% increase in its adjusted profit, boosted by the rise in crude oil prices and its impact on sector demand. The Houston group posted an adjusted profit of $314 million or 35 cents per share for the period to the end of March, compared to $170 million a year earlier. A pre-tax charge of $22 million was taken in the quarter for impairment of assets in Ukraine. Consolidated net income was $263 million or 29 cents per share. Revenues totaled $4.3 billion, compared to $3.5 billion in the corresponding period a year earlier. Operating profit was 511 million, against 370 million a year earlier.


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