Worley promises won't pay the piper

WorleyParsons’ global reach is not without challenges, but the group needs to do much more to leverage its exposures.

WorleyParsons sees earnings for the first half of this financial year to be lower than they were in the same period of 2013. This forecast, at its annual general meeting yesterday, has disappointed again, in what is becoming an all too familiar story for investors. 

Promising a better second half isn’t going to cut it with investors – Worley said the same thing last year and failed to deliver when it came to fessing up its full-year results.

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