WOR 1.29% $14.17 worley limited

News: WOR WorleyParsons updates on outlook, not to pay interim dividend

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    Feb 20 (Reuters) - WorleyParsons Ltd (WOR) :

    • Board has resolved not to declare an interim dividend
    • Still targeting a reduction of $300m in working capital in medium term
    • Market conditions remain challenging
    • Benefit of cost reductions achieved by company in first half, are expected to be reflected in second half earnings.
    • "Customers' sentiment is improving and they inform company that their activity levels are not expected to deteriorate further"
    • Increased overhead reduction target to a total of $450 million in annualized savings by end of financial year 2017 on an exit run rate basis
    • "Staff numbers are stabilizing and we are achieving our staff utilization target"
 
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Last
$14.17
Change
0.180(1.29%)
Mkt cap ! $7.649B
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$14.10 $14.24 $14.05 $15.93M 1.119M

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No. Vol. Price($)
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