WorleyParsons posts steady profit

Profits: WorleyParsons posted a 2% lift in net profits

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Josh Lewis

 13 February 2013 05:24 GMT

Strong performance from the hydrocarbon segment helps lift revenues for WorleyParsons

Australian engineering company WorleyParsons has posted flat profits for the first half of the Australian financial year, despite a rise in revenue.

The company posted a net profit of A$155.1 million (US$160.6 million) for the six months to 31 December, up 2% on the A$151.9 million profit booked during the same period a year earlier.

The modest rise in profits came despite a 33.7% rise in revenue over the six-month period to A$4.4 billion, compared to the A$3.3 billion generated during the corresponding period in 2011.

Helping lift revenue was strong performance from the…

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