Worley Limited (AU:WOR) has released an update.
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Worley Limited reports a robust financial performance for FY2024 with an 18% increase in aggregated revenue to $11,616 million and a 27% rise in underlying NPATA to $416 million, reflecting the company’s strongest revenue in history. The results are driven by a higher quality of earnings, project mix, and rate improvements, with sustainability-related work accounting for 52% of the revenue. Despite some project-related headwinds, the company achieved an underlying EBITA margin of 7.9% excluding procurement, showcasing disciplined execution of its strategy.
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