Santos: Interim result 2012

Conventional production impressed, generating higher than expected margins. The company also reported a fracking surprise.

The evolution of Santos from a business dominated by Cooper Basin gas to higher margin output was illustrated by its impressive half year result. Although reported net profit fell a hefty 48% to $262m, the prior period included almost $300m of gains from asset sales. On an underlying basis, profit rose 20% to $283m. From earnings per share of 27.6 cents, a fully franked dividend of 15 cents was declared (ex date 28 Aug).


SMS Code Sent…

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Log in to access this content

Looks you are already a member. Please enter your password to proceed

Hi {{ user.FirstName }}

Verify your mobile number to unlock a FREE trial

Looks like you've already taken a free trial

Please sign up for full access

Updating information

Please wait ...

Related Articles