Turnover was up 38 per cent to $340 million while net profit increased 65% to $9.08 million.

Worley executive director, Mr David Moffin, said the year was one of consolidation and diversification. "Worley Chemicals & Minerals consolidated its place as a leading provider of services in that sector. Worley Pipeline & Terminals and Worley Infrastructure both had significant growth in tight markets," he said.

While Mr Moffin expressed concern at the uncertain global situation, he said his concerns were somewhat offset by strategic focus on long term contracts and with a very strong forward order book.

Assisted by the low value of the Australian dollar and higher oil prices last year, Worley won contracts with a combined capital expenditure of $US1 billion in Asia and the Middle East. Four key projects throughout Asia had combined project values of $US500 million. As for the Middle East, the company has significantly expanded its base in pipelines and terminals as well as oil and gas.