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.

Revenue in the period was $8.831 billion, a slight lift on the $7.408 billion in the previous year.

WorleyParsons will pay an unfranked final dividend of 51 cents on September 20 to shareholders on the register at August 30.

The group's total dividend for the year was 92.5 cents.

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