Woodside lifts 1H net profit

Resources giant posts solid lift in first-half profit and revenue, revises down full-year production guidance.

Woodside Petroleum (WPL) has lowered its full-year production guidance due to an unplanned shutdown of its LNG processing train, despite posting slight lifts in both first-half net profit and revenue.

In the six months to June 30, Woodside posted a net profit of $US873 million, a 7.5% increase on the $US812 million in the previous corresponding half and well above consensus expectations for $818 million.

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