Exchange rate pain for WorleyParsons

WORLEYPARSONS has reported a net profit after tax of $353 million for the 2011-12 financial year, which is down 3% on the previous year's $364 million NPAT.

Exchange rate pain for WorleyParsons Exchange rate pain for WorleyParsons Exchange rate pain for WorleyParsons Exchange rate pain for WorleyParsons Exchange rate pain for WorleyParsons

The company puts the drop down to exchange rate movements, saying it had cost it $14.2 million in net profit.

The underlying NPAT was up 16% on the previous year to $346 million though.

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