WorleyParsons

The resources boom continues to flatter the performance of engineer WorleyParsons. Revenue for the half year to 31 December jumped 18% to $3.3bn. Net profit after tax rose 19% to $164m, with earnings per share increasing 18% to 61.4 cents. A partly franked dividend of 40 cents was declared (ex date 5 Mar). Operating cash flow was the only metric that failed to impress, falling 49% to $64m. Worley seems to be waiting on payments from customers while increasing staff incentive payments. Table 1: WorleyParsons' half-year results Half-year ending 31 December 2011 2010 Change (%) Revenue ($m) 3,300 2,798 18 NPAT...

The resources boom continues to flatter the performance of engineer WorleyParsons. Revenue for the half year to 31 December jumped 18% to $3.3bn. Net profit after tax rose 19% to $164m, with earnings per share increasing 18% to 61.4 cents. A partly franked dividend of 40 cents was declared (ex date 5 Mar). Operating cash flow was the only metric that failed to impress, falling 49% to $64m. Worley seems to be waiting on payments from customers while increasing staff incentive payments.

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