WorleyParsons profit climbs to USD 104.3 million
WorleyParsons posted a statutory net profit after tax of $104.3 million. Underlying NPAT was $104.3 million for the 6 months to 31 December 2014, up 3.6% on the previous corresponding period.
Chief Executive Officer of WorleyParsons, Andrew Wood, said: “The first half of Financial Year 2015 has seen increased volatility across a number of commodities that are relevant to our customers. WorleyParsons has performed well in these volatile conditions reporting 3.6% growth in underlying NPAT.”
Aggregated revenue was down 4.7% when compared to HY2014 primarily due to the expected continued downturn in the services business in Australia and major projects business in North America, the company said in a statement.
“The actions we took nearly 12 months ago to position the business to take advantage of market conditions have helped us to deliver a solid result despite declining revenues. We have improved margins in the first half through an intense focus on delivery of our promises and prudently containing our costs. The benefits of the restructure will continue to flow into the second half,“ concluded Wood.