WorleyParsons profit up after takeover

Company News

by Rachael Jones

Services company WorleyParsons (ASX:WOR) today announced a net profit of $151.9 million for the 12 months through June, up from $62.2 million during the year prior.

Underlying EBITA is up 32 per cent to $412.8 million.

Aggregated revenue increased 35.6 per cent to $6.4 billion, on improved market conditions and the inclusion of the ECR business, Jacobs, from late April 2019.

This was bought in April 26 April 2019 for a total consideration of $4.6 billion.

Directors declared a final dividend of 15 cents per share, taking WorleyParsons's full-year payout to 27.5 cents a share. That compared to 25 cents a year earlier.

Shares in WorleyParsons (ASX:WOR) are trading 5.53 per cent lower at $13.66.

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