WorleyParsons Reports 25% Surge In Annual Net Profit, Declares Dividend

WorleyParsons Ltd WYGPY reported a 25% rise in its annual net profit. WorleyParsons' net profit for the period rose to A$364.2 million, from A$291.1 million, in the year-ago period. Its revenue climbed 12% y/y to A$5.68 billion from A$5.10 billion. On the underlying basis, WorleyParsons' net profit came in at A$298.5 million in the year to June 30, versus analysts' estimates of A$309.3 million. WorleyParsons declared a final dividend of 50 Australian cents, versus 40 cents in the previous year. WorleyParsons shares surged 4.82% to close at $25.45 yesterday.