WorleyParsons FY profit slips to lower end of guidance

Group confident of increased earnings in FY14 despite global uncertainty.

WorleyParsons (WOR) expects its geographic and sector diversification to provide a foundation for increased earnings in the year ahead, after posting a slight fall in full-year profit.

In the year to June 30, WorleyParsons' net profit was $322.1 million, an 8.8% decline on the $142.5 million recorded in 2012.

The company had forecast for between $320 and $340 million, and analysts were estimating $332.8 million.


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