Financials and Investment: News for Oil & Gas and Hydrocarbon Industries  Membership Services Ľ
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 >>

Orpic Secures a $909m Syndicated Loan
  Oman >>  5/18/2015 - Orpic, Omanís national refinery and petrochemical company, commemorated the successful closure of an OMR350 million Corporate Loan syndicated facility...
Naftogaz Transfers $32 mln to Russia's Gazprom As Pre-Payment for Gas
  Russia >>  5/18/2015 - Ukraine's state-run gas company Naftogaz has transferred $32 million to Russia's gas monopoly Gazprom as a further pre-payment for gas deliveries, a s...

Brazil's Petrobras Posts 5.33 bln 1st Quarter Profit
  Brazil >>  5/15/2015 - Brazil's state-run oil company Petroleo Brasileiro SA beat analyst forecasts, posting first-quarter profit little changed from a year earlier, as an e...
New A$400 Million Bank Loan Facility for AWE AWE
  Australia >>  5/14/2015 - AWE Limited acquired a new four-year, A$400 million secured multicurrency syndicated bank loan facility to replace its existing A$300 million unsecure...

Oil Market Highlights - May 2015
  Austria >>  5/12/2015 -  Crude Oil Price Movements
The OPEC Reference Basket rose in April to its highest value this year supported by various bullish factors. T...

Balance of Supply and Demand
  Austria >>  5/12/2015 - Demand for OPEC crude in 2014 remained unchanged from the previous report to stand at 29.0 mb/d, 1.4 mb/d lower than the 2013 level. The demand for OP...



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 | 12 |

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