Clough Sees Improved Revenue for Fiscal Year 2013

Clough Limited, an engineering and project services contractor servicing the Energy and Chemical as well as the Mining and Mineral markets in Australia and Papua New Guinea, indicated in an investor presentation that the company's revenue for fiscal year 2013 (FY13) amounted to $1.43 billion (AUD 1.5 billion), up from the previous guidance of $1.36 billion (AUD 1.43 billion).

The company added that earnings before interest and taxes (EBIT) for FY13 is projected at $85.7 million (AUD 90 million), up from the previous guidance of an EBIT of $76.1 million to $80.9 million (AUD 80 - AUD 85 million). There was an improvement in Clough's EBIT margin to 6 percent, while the company's order book reached $2.19 billion (AUD 2.3 billion).

The Australian engineering company said it has secured revenue of $1.29 billion (AUD 1.35 billion) and $618.9 million (AUD 650 million) for FY14 and FY15, respectively.

Clough is currently working on several projects, including Ichthys and Gorgon.

Have a news tip? Share it with Rigzone!


Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies

Our Privacy Pledge

More from this Author
Rigzone Staff
e-mail us at
 -  Undiscovered Oil, Gas Resources in Bar... (Apr 25)
 -  Petrofac Secures $70MM Services Contra... (Apr 25)
 -  CEO: Another Year of Activity Decline ... (Apr 25)
 -  Petronas Awards 'Key' Offshore Contrac... (Apr 24)
 -  Genel Energy Appoints New Chairman (Apr 24)

Most Popular Articles

From the Career Center
Jobs that may interest you
Project Manager
Expertise: Project Management
Location: Atlanta, GA
Drilling and Complations Cost Engineer
Expertise: Cost Engineer
Location: Houston, TX
Staff Accountant
Expertise: Accounting
Location: Atlanta, GA
search for more jobs

Brent Crude Oil : $51.68/BBL 0.27%
Light Crude Oil : $49.25/BBL 0.74%
Natural Gas : $3.24/MMBtu 3.18%
Updated in last 24 hours