August 20, 2019 / 12:14 AM / 4 months ago

Australia's Oil Search reports two-fold rise in half-year profit

Aug 20 - Australia’s Oil Search on Tuesday said its half-year profit more than doubled, boosted by robust output at its key Papua New Guinea liquefied natural gas (LNG) project.

Net profit after tax rose to $161.9 million for the six months ended June 30, from $79.2 million a year earlier, above a consensus estimate of $160 million cited by Citi.

The oil and gas explorer declared an interim dividend of 5 cents a share, up from 2 cents a year ago.

Reporting by Shriya Ramakrishnan in Bengaluru; Editing by Bernard Orr

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below