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Oil services company Petrofrac swung to a first-half profit, though it said its order intake had been hurt by challenges in Saudi Arabia and Iraq.
Net profit for the six months through June amounted to $139m, compared to a loss of $17m on-year, the company said.
Revenue rose to $2.82bn, up from $2.79bn on-year.
The company held its interim dividend steady at 12.7c per share.
'Petrofac has delivered good results that reflect solid operational performance across the business,' chief executive Ayman Asfari said.
'New order intake year to date has been impacted by recent challenges in Saudi Arabia and Iraq.'
'Looking forward, the group has a busy tendering pipeline with around $13bn of bid opportunities due for award in the second half of the year.'
'We remain committed to our strategy of delivering best-in-class execution for our clients and enhancing returns for our shareholders by reducing costs, driving digitalisation, increasing local content, improving cash conversion and divesting non-core assets.'
'These ongoing initiatives will improve our competitiveness in core and growth markets, as well as best position the business for a return to growth in the medium-term.'