Santos lifts H1 profit

Resources giant lifts net profit on back of growth in sales revenues.

Santos (STO) has lifted its first-half net profit beyond analyst forecasts, as growth in sales revenues outstripped modest declines in both production and sales volumes.

In the six months to June 30, Santos posted a net profit of $271 million, a 3% increase on the $262 million recorded in the previous corresponding period.

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