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| Foster Wheeler announces strong 2005 results Foster Wheeler Ltd. announced full-year and fourth-quarter results for the year ended December 30, 2005. For the full-year 2005, net earnings were $63.7 million, excluding an after-tax charge of $113.7 million relating to the revaluation of the company's 15-year asbestos liability and insurance asset estimates. The net loss for the full-year 2005 was $109.7 million. For the fourth-quarter 2005, net earnings were $9.8 million, excluding the $113.7 asbestos-related charge. The net loss for the fourth quarter of 2005, including the charges, was $122.1 million. For the full-year 2005, the company's new orders were up by 70 percent to $4.2 billion, compared to $2.4 billion in 2004. write your comments about the article :: © 2006 Construction News :: home page |