** Shares of Australian engineering firm Worley extends gains to rise as much as 3.4% to A$14.965, their highest level since Aug. 1
** Co reported a 27% rise in FY underlying net profit after tax attributable to A$416 mln ($281.47 mln) on Tuesday
** Says targeting low double-digit EBITDA growth and expects underlying EBITDA margin (excluding impact of procurement) to be within 8.0%-8.5% in FY25
** We think the FY25 outlook was much better than the market had feared and are surprised the relief rally wasn't stronger - brokerage Citi
** Stock is the second-biggest gainer on the benchmark S&P/ASX 200 index
** Stock down 17.1% this year, as of last close, vs a 6.3% increase in the benchmark S&P/ASX 200 index
(Reporting by Roushni Nair in Bengaluru)
((Roushni.Nair@thomsonreuters.com;))
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