MARKETS

Cooper posts record production but struggles to make profit

COOPER Energy posted record production, record earnings, and record cash flows for the 2023 financial year, but profits crashed to a A$5.6 million loss.

Cooper posts record production but struggles to make profit

The ASX-listed gas producer announced earnings before deductibles of A$109.3 million, up 35% on the previous year of $80.7 million. Cash flow was up nearly 10% at $62.8 million. However underlying profits...

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