The engineering player said on Wednesday that its underlying net profit after tax for the 2014 fiscal year (ending 30 June 2014) is expected to be in the range of $260 million to $300 million.
This compares to the company’s recent forecast of increased earnings on its 2013 NPAT of $322 million.
WorleyParsons said the guidance downgrade was due to reduced professional services revenue, particularly in the company’s large Australian and Canadian businesses, as well as in Latin America and the Middle East.
The
