Feb 24 (Reuters) - WorleyParsons Ltd (WOR) :
- Media release - half year 2016 results (WOR)
- Says trading conditions over the remainder of financial year 2016 are expected to remain challenging
- Says focus during 2016 is on four immediate priorities of reducing costs
- Says actions to deliver $120 million in annualized ongoing overhead savings are substantially complete
- Will continue to reduce overheads over the next 18 months, targeting a further $180 million in annual overhead savings
- Says Worleyparsons expects aggregated revenue for financial year 2016 to be relatively flat half on half
- Says underlying earnings are expected to be biased towards the second half
- Says gearing and the net debt to EBITDA ratios are expected to improve
- "Funds will reduce debt and improve the company's net debt to EBITDA ratio to between 1.5 to 2.0 times, and the gearing ratio to less than 30%"
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Last
$13.13 |
Change
0.030(0.23%) |
Mkt cap ! $6.775B | |||
| Open | High | Low | Value | Volume |
| $13.13 | $13.19 | $13.02 | $22.70M | 1.728M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 30 | $13.13 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $13.18 | 9668 | 3 |
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| Last trade - 16.10pm 08/08/2025 (20 minute delay) ? |
| WOR (ASX) Chart |