WorleyParsons profit up 86% on last years

Company News

by Rachael Jones

Professional services company WorleyParsons (ASX:WOR) saw a statutory net profit after tax (NPAT) of $62.2 million for the year ended 30 June 2018, that’s an 85.7 per cent improvement on the result for the prior corresponding period of $33.5 million.

This result includes a charge against the Group’s US tax assets due to changes in US tax legislation of $81.7 million.
Statutory revenue and other income fell 7.4 per cent to $4.84 billion. 

Underlying EBIT rose 15.9 per cent to $298.8 million.

They will pay a final dividend of 15 cents a share unfranked on September 24, taking the full year dividend to 25 cent a share.

Shares in WorleyParsons (ASX:WOR) are up 1.87 per cent to $18.52. 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.