Beach profit skyrockets

COOPER Basin oil and gas producer Beach Energy has emerged as a stronger company from the downturn, with a profitable base business, smashed records for sales and production and the promise of more new discoveries in Australia’s most mature basin.

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The company's first half results show a net profit after tax of $103 million and an underlying net profit after tax of $89 million, a 1023% increase compared to prior corresponding period.

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