Financials and Investment: News for Oil & Gas and Hydrocarbon Industries  Membership Services »
Gulf Oil and Gas grow your business
Home News Events Projects Tenders Unconventionals Community | My Account
Products and vendors Services and providers Jobs

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 >>

Moody’s Reviews Petrobras’ Global Ratings
  Brazil >>  1/30/2015 - Petrobras informs that Moody’s Investors Service reviewed Petrobras' global foreign currency debt ratings from Baa2 to Baa3. This rating is still on r...
Interoil Provided ANH Required Guarantee of $7.2m for LLA-47
  Colombia >>  1/29/2015 - Interoil Exploration and Production ASA's Colombian subsidiary (Interoil) has provided the National Agency of Hydrocarbons in Colombia (Agencia Nacion...

Harvest Withdraws a Request for Arbitration Against Venezuela
  Venezuela >>  1/29/2015 - Harvest Natural Resources, Inc. through its affiliates, HNR Finance B.V. (Harvest BV) and Harvest Vinccler S.C.A. (HVSCA), have withdrawn without prej...
Forecast for 2015 of Balance Supply and Demand
Austria >>  1/22/2015 - The demand for OPEC crude in 2015 was also revised down by 0.1 mb/d to stand at 28.8 mb/d, which is 0.3 mb/d less than the estimated 2014 level. The f...

Gazprom & Intesa Sanpaolo Group Sign Agreement Worth EUR 350 million
  Russia >>  1/22/2015 - Gazprom and Intesa Sanpaolo Group signed in Milan a loan agreement worth EUR 350 million. ...
Roxi Petroleum's Drawdown Under the $40 Million Equity Facility
  Kazakhstan >>  1/20/2015 - Roxi Petroleum, the Central Asian oil and gas company with a focus on Kazakhstan, has updated the market with news it has called down a further $2.0 m...



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

Related Articles: 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 |

More News

Oil & Gas Companies in Australia >>

Related Links

Countries Quick Links

AU NZ
Gulf Oil and Gas B2B marketplace:   About -  Advertising -  Competitive Intelligence -  Talent Solutions -  Membership Services Follow us on Facebook
Copyright © Universal Solutions All rights reserved. Privacy Policy. - Contact Us  Gulfoilandgas rss feed