WorleyParsons Swings Into $38.9 Million Loss for Fiscal-Year 2015 Amid Challenging Markets, an Industrial Info News Alert
(firmenpresse) - SUGAR LAND, TX -- (Marketwired) -- 08/27/15 -- Researched by Industrial Info Resources (Sugar Land, Texas) -- WorleyParsons, (North Sydney, Australia) swung to an AU$54.9 million ($38.9 million) loss in its just-ended fiscal year from an AU$249.1 million ($176.5 million) profit in the prior fiscal year, amid subdued markets and a sharp cutback in capital expenditures (capex) by , the global engineering, procurement, construction and management (EPCM) firm said Wednesday. Going forward, the situation is likely to remain the same for minerals and metals markets, company executives said, and the near-term future for the oil industry is uncertain. Industrial Info is tracking 305 active projects worth $198 billion that involve WorleyParsons. This includes $40 billion in projects in the U.S. and $113 billion in projects for Canada.
Within this article: Details on WorleyParsons' quarter and projects, including the cancellation of a contract for an iron ore mine and mill.
For details, , or browse other breaking industrial news stories at .
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. To contact an office in your area, visit the "" page.
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Datum: 27.08.2015 - 10:15 Uhr
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News-ID 416237
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