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Worley lifts profit but margins squeezed

Engineering company WorleyParsons' first-half profit is up 18 per cent due to growth in resources sectors in Australia, Canada, China and the United States.

WorleyParsons posted a net profit of $152 million for the six months to December 31, 2011, up from $128.6 million in the previous corresponding period.

Chief executive John Grill said strong spending by the company's major customers underpinned growth in WorleyParsons' key markets of hydrocarbons and minerals and metals.

Smaller customers in both sectors were experiencing project delays due to the tightening of available funds, however.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 30/04/18

1 year TSR5 year TSR
226thWorleyParsons45%-4%
721 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Revenue

th-WorleyParsons$5,213.5m
77 listed non wa companies ranked by revenue.
Source: Morningstar

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