Worley Parsons 1HFY19 profit rises 26 per cent

Company News

by Anna Napoli

Worley Parsons(ASX:WOR) has announced its half year results for financial year 2019 with Underlying net profit (NPAT) rising 26 per cent to $98 million compared to the same time last year.

Aggregated revenue increased 11 per cent to $2.6 billion.

Earnings (Underlying EBIT) rose by almost 18 per cent to $156 million.

But, cash flow from operations was $21 million, down from $44 million for the same time last year.

The company will pay an interim dividend of 12.5 cents per share.

Worley Parsons says its business has continued to grow due to focus on the resources and energy sectors, cost reductions and improved market conditions.

Shares in Worley Parsons (ASX:WOR) are trading 0.07 per cent lower to $15.12.

 

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.