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Worley reports maiden half-year result

In its first result as a listed company, engineering outfit Worley Group has reported a net profi...

"This is a pleasing result for Worley with a strong performance by our international operations combined with the results in a number of our key joint ventures providing a sound start to the year," said Worley's chief executive, John Grill.

Grill added that Worley was on track to achieve its forecast of $22.6 million net profit for the full year as outlined in company's recent prospectus. Last November, the company listed on the Australian Stock Exchange.

Worley also announced today it had won a $25 million engineering services contract from Shell to rejuvenate a gas processing facility off the Malaysian coast.

The Shell contract follows last week's announcement of financial close for the $90 million Esperance Energy Project comprising of a power station and natural gas pipeline. The deal represents Worley's first infrastructure investment.

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