WOR 0.79% $13.75 worley limited

News: WOR WorleyParsons says underlying earnings expected to be more biased to second half

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    Oct 25 (Reuters) - WorleyParsons Ltd (WOR)

    • Customers continue to face difficult market conditions
    • Ongoing weakness in commodity prices has led to further declines in capital expenditure across resources and energy sectors
    • Identified initiatives to generate a further $150 million in annualized savings throughout financial year 2017
    • Yet to see signs of recovery in trading conditions
    • Underlying earnings are expected to be more biased to second half than in previous years
 
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