Fluor Reports 33 Percent Increase In 2002 Earnings From Continuing Operations
2003-01-30 13:02 - News Release ........declined due to this continuing shift towards an increasing proportion of projects in the early stages of execution. The recent events in Venezuela are having a significant impact on the progress of the $1 billion heavy oil upgrader project. In accordance with the contract, Fluor is entitled to cost and schedule relief for the impact of the ongoing national strike, and is also continuing to pursue dispute resolution on other issues with the client.
Fluor's Industrial & Infrastructure segment reported operating profit for the year of $53 million, ...............