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.

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.