Gulf Oil and Gas accountACCOUNT

WorleyParsons announces record profit

Source: www.gulfoilandgas.com 8/27/2007, Location: Not categorized

Share |
WorleyParsons Limited announced a full year result for 2007 of $224.8 million, an increase of 61.6% over the $139.1 million net profit reported in 2006. The result was earned on aggregated revenue of $3,534.6 million, an increase of 43.4% on the $2,464.4 million reported in 2006. EBITDA for the year was $353.4 million, an increase of 60.7% from the $219.9 million reported in 2006.

The EBIT margin for the group increased to 9.0% from 8.1% in 2006. After tax the company earned a net margin on aggregated revenue of 6.4%, compared to the 2006 net margin of 5.6%. The effective corporate tax rate was 26.1%.

Basic earnings per share were 101.8 cents per share, an increase of 53.5% above the 66.3 cents per share for 2006.

Included in the full year result is a four months contribution to EBITA of $42.0 million from the Colt group that was acquired during the year.

Financials and Investment News in Australia >>

Italy >>  4/22/2017 - Key Italian oil refiner Saras says it has cleared all the debt it owed Iran for oil purchased before sanctions were imposed against the country in 201...
Oman >>  4/22/2017 -  A proposal to set up a $2.3 billion-greenfield methanol project by Mingyuan Holdings Group Co. Ltd in Duqm will depend on the Sultanateís commitment ...

Iran >>  4/20/2017 - New contracts in the oil and gas sector can create thousands of jobs and resuscitate the economy which is reeling from international financial and tra...
Iran >>  4/19/2017 - Managing Director of the National Iranian Oil Company (NIOC) Ali Kardor said Iran has so far recovered 1,060 billion cubic meters of natural gas from ...

United Arab Emirates >>  4/19/2017 - Abu Dhabi National Energy Company (TAQA) might sell some of its oil and gas interests in North America to raise capital for its core business, its chi...
Peru >>  4/18/2017 - Peru is expecting to issue up to $3 billion in bonds in the international market in the first half of 2017 to finance Petroperu, Energy and Mining Min...

Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


Australia Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 |

More News

 

Oil & Gas Companies in Australia >>


Related Links

AU NZ
Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Privacy Policy.