MARKETS

WorleyParsons delivers loss

WORLEYPARSONS delivered a slim net loss for the December half-year of $2.4 million yesterday, though its underlying profit was down almost 23% on the same time in 2015, with the shrinking market and cost-cutting hitting home.

Andrew Wood.

Andrew Wood.

The company's underlying net profit after tax was $57.1 million, down 22.7% on the prior corresponding period while revenue was off 30.3% to $2.16 billion.   CEO Andrew Wood said unpaid bills were...

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