WorleyParsons Limited
(ASX:WOR) has posted an interim net profit drop and warned on future revenues and gross margin.
The engineering firm’s net profit slipped 7 per cent to $104.3 million in the first half of the 2015 financial year while its underlying profit firmed 3.6 per cent to $104.3 million.
Looking ahead WorleyParsons says modest declines in the company's revenue and gross margin are currently anticipated.
While the company expects its program of overhead reductions to temper the effect on earnings it has warned conditions are forecast to remain difficult in the resources infrastructure sector.
An interim dividend of 34 cents per share has been declared.
