Here’s how Worley’s (ASX: WOR) plans to improve profitability further as it turns the corner in H1FY24.

Fri 16 Aug 24, 05:47 AM | Team Kalkine

Image source: © Joeppoulssen | Megapixl.com

Highlights

Worley Limited (ASX: WOR) offers engineering design and project delivery services, including advisory, reliability support and maintenance services. The services are focused on the chemicals, energy and resource sectors.

In the first half of the financial year 2024 (1HFY24), the company recorded a 13% YoY rise in revenue and other income to AUD 6,081 million and a whopping 296% YoY increase in operating cash flow to AUD 396 million. During the reported period, profit after tax reached AUD 106 million, comparable to loss after tax of AUD 99 million in previous corresponding period.

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