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Worley’s first-half net profits tumble 81pc

Jenny Wiggins

Key Points

  • Revenue ($m) 4876, up 29pc from year-earlier 6900.7
  • EBITA ($m) 140 v 284.5
  • Net profit ($m) 22.3 v 115.3
  • Interim dividend 25c v 25c, payable on March 31 

Global engineering group Worley will target projects that help customers tackle climate change, after delays to oil and gas investments contributed to an 81 per cent slump in interim net profit to $22.3 million, says chief executive Chris Ashton.

“The important opportunity for us is to help our customers transition [to low carbon emissions],” Mr Ashton told The Australian Financial Review.

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Jenny Wiggins writes on business, specialising in infrastructure, telecommunications and transport. Connect with Jenny on Twitter. Email Jenny at jwiggins@afr.com

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    Original URL: https://www.afr.com/companies/infrastructure/worley-s-first-half-net-profits-tumble-81pc-20210222-p574lr