You are currently viewing our site as a guest, which gives you limited access to our site features. By signing up for a free membership, you will receive our Investment Opportunity newsletters and have access to additional features for finding and comparing managed funds and shares. Registration is fast and simple, so please:
Business Description: WorleyParsons Limited (WOR) provides professional services to the oil & gas, power, minerals & metals and infrastructure & environment industries, including feasibility studies, design, project services, upgrade services and maintenance services. WOR uses an alliance based approach to provide services for a significant proportion of the company's contracts.
Strategy Analysis: This is a diverse global business with wide geographic coverage and skills across all project phases from feasibility to design, execution, operation and maintenance. Services are offered in a variety of fields namely hydrocarbons, minerals and metals, power and infrastructure. Willingness to enter alliance style contracts extends the skill offering, opening the opportunity for work in new areas. WOR has an appetite for further corporate deals, with a solid balance sheet and strong cash flows. Two major deals have substantially lifted scale and scope internationally, enhancing opportunities for new contract wins. Bringing WOR's offshore oil and gas expertise together with Parsons E (and) C (PEC's) onshore expertise in 2004 made the combined group better equipped to handle larger and more complex projects. 2007's Colt acquisition bought market leadership position in the high growth Canadian hydrocarbons market, now a key element to WOR's future growth.
WorleyParsons reported NPAT up 25.1% to $364.2m for the year ended 30 June 2011. Revenues from ordinary activities were $5.68bn, up 12.1% from last year. Diluted EPS was 147.2 cents compared to 117.5 cents last year. Net operating cash flow was $293.8m compared to $279.6m last year. The final dividend declared was 50 cents, taking the full year dividend to 86 cents compared with 75.5 cents last year.
The Age 3/02/2012 | HIGH-PROFILE director Geoffrey Cousins has called on major shareholders to block Gina Rinehart from gaining a board seat at Fairfax Media.
The Age 3/02/2012 | HIGH-PROFILE director Geoffrey Cousins has called on major shareholders to block Gina Rinehart from gaining a board seat at Fairfax Media.
Sydney Morning Herald 3/02/2012 | THE Telstra director Geoffrey Cousins has called on large shareholders in Fairfax Media to block Gina Rinehart from gaining a board seat.
Sydney Morning Herald 3/02/2012 | The publisher and direct marketer PMP has cut its earnings guidance and implemented further restructuring because of poor trading conditions and weaker printing orders. The news sent shares to a two-year low, down 4?, or 8.3 per cent, at 44?. Print markets in both Australia and New Zealand have suffered with existing customers using the services less, and intense competition for new contracts resulting in lower margins. Earnings before interest and tax, and before significant items, are now ...
Already a member? 
$ 28.210
