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WorleyParsons is a professional services provider to the resources, energy and industrial sectors.

Hydrocarbons

The Hydrocarbons sector reported aggregated revenue of $4,267 million, and segment result of $329 million with a margin of 7.7% (FY2015 restated: aggregated revenue of $5,332 million, segment result of $484 million and segment margin of 9.1%). Hydrocarbons’ contribution to the Group’s aggregated revenue was 72%, slightly down on last year.

Aggregated revenue declined due to projects reaching completion combined with customers’ reduced capital and operating expenditure. The refining sub sector revenues increased 2% year on year.

Minerals, Metals & Chemicals

The Minerals, Metals & Chemicals sector reported aggregated revenue of $643 million and segment result of $40 million with a margin of 6.2% (FY2015 restated: aggregated revenue of $904 million, segment result of $47 million and segment margin of 5.1%). Minerals, Metals & Chemicals contributed 11% to the Group’s aggregated revenue. Chemicals now represents more than 50% of this sector's contribution.

The Minerals & Metals contribution declined as project activity continued to decrease in line with sustained lower commodity prices. Chemicals also declined as the increased activity in the United States only partially offset lower in activity in China.


Infrastructure

The Infrastructure sector reported aggregated revenue of $984 million and segment result of $60 million with a margin of 6.1% (FY2015 restated: aggregated revenue of $992 million, segment result of $19 million and segment margin of 1.9%). Infrastructure’s contribution to the Group’s aggregated revenue was 17%.

The Infrastructure sector aggregated revenue was essentially flat year on year as growth in the Middle East offset declines in Australia. Margins improved primarily due to the resurgence in the power business across renewables, fossil, and nuclear.