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MARKETS

Beach profits down but not a writedown in sight 

BEACH Energy has avoided the writedowns of its peers despite lower commodity prices, and ended the year with $50 million in cash.

Helen Clark
Beach MD Matt Kay

Beach MD Matt Kay

It also reported a rate of return of capital employed of greater than 19% thanks to high margins from onshore oil and its diversified pipeline gas business, it said today.    However it posted a 13%...

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