Santos lifts H1 profit
- {{x.value}}
{{ twilioFailed ? 'SMS Code Failed to Send…' : 'Enter verification code' }}
{{ completedStep1 ? 'Authentication & Security' : content.trialHeading.replace('{0}', user.FirstName) }}
{{ content.upgradeHeading.replace('{0}', user.FirstName) }}
The email address you entered is registered with InvestSMART
Please login to continue
We have sent you an email with the details of your registration.
Looks you are already a member. Please enter your password to proceed
{{ upgradeCTAText }}
Updating information
Please wait ...
Your membership to InvestSMART Group recently failed to renew.
Please make sure your payment details are up to date to continue your membership.
Having trouble renewing?
Please contact Member Services on support@investsmart.com.au or 1300 880 160
You've recently updated your payment details.
It may take a few minutes to update your subscription details, during this time you will not be able to view locked content.
If you are still having trouble viewing content after 10 minutes, try logging out of your account and logging back in.
Still having trouble viewing content?
Please contact Member Services on support@investsmart.com.au or 1300 880 160
Please click on the ACTIVATE button to activate your Intelligent Investor 15-day free trial
Please click on the ACTIVATE button to finalise your membership
Unsuccessful registration
Registration for this event is available only to Eureka Report members. View our membership page for more information.
Registration for this event is available only to Intelligent Investor members. View our membership page for more information.
- You are already registered for this event.
- This event is already full.
- Please select a quantity for at least one ticket.
- {{ i }}
Forgotten password
Please enter your email address below to request a new password
- Verify your email address by clicking on the link we sent to {{user.Email}}
- You now have free access, we look forward to helping you on your financial journey.
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.
Analysts polled on Bloomberg were estimating net profit to remain flat at around $262 million.
Revenue in the period was $1.531 billion, a modest increase on the $1.521 in the previous corresponding period.
The group will pay a fully-franked interim dividend of 15 cents to shareholders on the register as at August 28.
The payment is in line with the 15 cent dividend paid in the previous corresponding period.
Santos said its half-year earnings were impacted by its year-to-date production.
The group said while first-half production fell by 4.5% to 24.5 million barrels of oil equivalent (mmboe), and sales volumes fell by 6%, sales revenues actually grew by 1% to a record $1.51 billion (see Tim Treadgold's Santos fires up on LNG).
Santos maintained its production guidance of between 52 to 55 mmboe for 2013.