Drillsearch lifts FY net profit

Group flags growth as record total production and sales revenues boost earnings.

Drillsearch Energy (DLS) says it will continue to grow in the coming year after lifting full-year net profit on the back of its highest ever total production and sales revenues.

The group reported net profit attributable to members in the 2013 financial year of $45.1 million, up from $10 million in the prior year.

Revenue rose to $102.2 million in the year, compared with $22.4 million in the previous corresponding period.

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