WorleyParsons swings to profit

CLOSING 30 offices globally, slashing some 6900 jobs and capital outflows by about $255 million helped WorleyParsons swing back to a full year profit after making a loss last financial year, but the firm says it will need to keep taking costs out of the business in the belief that the tough times aren't over yet.

WorleyParsons swings to profit WorleyParsons swings to profit WorleyParsons swings to profit WorleyParsons swings to profit WorleyParsons swings to profit

The engineering and construction firm reported an annual net profit of $23.5 million, having posted a $54.9 million loss one year prior.

loader