Santos H1 Net Profit Down 48%
Santos Ltd (OTC: SSLTY) reported a 48% drop in its profit for the first half.
Santos's net profit for the period declined to A$262 million, versus A$504 million, in the year-ago period. Its underlying profit surged 20% to A$283 million, versus analysts' estimates of A$272 million.
The company also declared an interim dividend of $0.15 per share.
Santos shares gained 1.18% to close at $12.00 yesterday.
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