Santos profit rises

SANTOS has posted a 30% increase in underlying net profit to $289 million for the first half of this year and will buy-back about $300 million of its shares.

Santos profit rises Santos profit rises Santos profit rises Santos profit rises Santos profit rises

Revenue was also up 14% over the previous corresponding period to a record $1.38 billion as high oil prices more than offset an 8% drop in production to 27.

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