Oil Search lifts H1 profit

Resources giant reaffirms expects slight spike in operating costs in second half.

Oil Search (OSH) has reaffirmed its full-year production guidance after posting a slight lift in first-half profit on the back of lifted its first-half profit lower exploration and tax expenses.

In the six months to June 30, Oil Search posted a net profit of $US113.5 million, a 5.6% increase on the $US107.5 recorded in the previous corresponding half.

Analysts were expecting a net profit of $107.1 million for the year.


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