WorleyParsons flags restructure
- {{x.value}}
{{ twilioFailed ? 'SMS Code Failed to Send…' : 'Enter verification code' }}
{{ completedStep1 ? 'Authentication & Security' : content.trialHeading.replace('{0}', user.FirstName) }}
{{ content.upgradeHeading.replace('{0}', user.FirstName) }}
The email address you entered is registered with InvestSMART
Please login to continue
We have sent you an email with the details of your registration.
Looks you are already a member. Please enter your password to proceed
{{ upgradeCTAText }}
Updating information
Please wait ...
Your membership to InvestSMART Group recently failed to renew.
Please make sure your payment details are up to date to continue your membership.
Having trouble renewing?
Please contact Member Services on support@investsmart.com.au or 1300 880 160
You've recently updated your payment details.
It may take a few minutes to update your subscription details, during this time you will not be able to view locked content.
If you are still having trouble viewing content after 10 minutes, try logging out of your account and logging back in.
Still having trouble viewing content?
Please contact Member Services on support@investsmart.com.au or 1300 880 160
Please click on the ACTIVATE button to activate your Intelligent Investor 15-day free trial
Please click on the ACTIVATE button to finalise your membership
Unsuccessful registration
Registration for this event is available only to Eureka Report members. View our membership page for more information.
Registration for this event is available only to Intelligent Investor members. View our membership page for more information.
- You are already registered for this event.
- This event is already full.
- Please select a quantity for at least one ticket.
- {{ i }}
Forgotten password
Please enter your email address below to request a new password
- Verify your email address by clicking on the link we sent to {{user.Email}}
- You now have free access, we look forward to helping you on your financial journey.
Engineering group WorleyParsons will allow for $35 million of restructuring costs this financial year as it reorganises its business but has reaffirmed guidance for underlying net profit.
At 11.10am (AEST) WorleyParson shares were 6.27% higher at $16.45, against a benchmark index lift of 0.9%.
The resources and energy firm will reorganise into three business lines, saying this will reduce overhead costs and better position the company for earnings growth.
The three divisions will be services, major projects and "Improve", which will cover long-term operational and asset management contracts, effective May 1 with financial reporting changes effective July 1.
After recognising $35 million of restructuring costs this financial year, WorleyParsons expects its overhead reductions and improved project delivery to result in improved margins from next financial year.
The group reaffirmed guidance for underlying net profit for fiscal 2014 of $260m to $300m, stated in November and February, excluding the one-off costs.
Call 1300 880 160
Start a chat
Schedule a call
