Australia's Worley rises on strong annual results, upbeat FY25 outlook

Worley

27/08/2024 02:31

** Shares of Australian engineering firm Worley  WOR.AX 
rise as much as 4.4% to A$14.71, posting their biggest intraday
pct gain since March 1 
    ** Co says FY underlying net profit after tax attributable
up 27% to A$416 mln ($281.47 mln) 
    ** Says aggregated revenue rose 18% to A$11.62 bln 
    ** Expects second half of FY25 to be stronger than the first
half 
    ** Says targeting low double-digit EBITDA growth and expects
underlying EBITDA margin (excluding impact of procurement) to be
within 8.0%-8.5% in FY25
    ** Shares hit their highest level since Aug 20,
sixth-biggest pct gainer on the benchmark S&P/ASX 200 index
 .AXJO  
    ** Stock down 19.3% this year, as of last close, vs a 6.5%
increase in AXJO 

($1 = 1.4780 Australian dollars)

 (Reporting by Roushni Nair in Bengaluru)
 ((Roushni.Nair@thomsonreuters.com;))