Beach Energy posts FY profit

Company says lower oil prices weighed on full-year result.

Beach Energy (BPT) anticipates the oil price to remain strong throughout the current financial year after beating market expectations in its full-year results for 2012-13 and reaffirming its guidance.

For the 12 months to June 30, underlying profit for the full year increased 15% to $140.8 million, easily beating analyst estimates for around $127.6 million.


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