AUSTRALIA

Woodside profit obliterated

WOODSIDE has delivered an extremely slim full year after-tax profit of a mere $US26 million ($A36.5 million) down an astonishing 99% from $2.414 billion in 2014 after a non-cash writedown wiped out most of what would otherwise have been a triumphant result, with the oiler's second highest annual production of 92.2 million barrels of oil equivalent.