Santos profit down 48% 

IN AN earnings presentation that used the word ‘growth’ more times than you could count on all fingers, Santos chief Kevin Gallagher outlined a way forward after the half-year’s heavy losses, pointing out, despite the fall in the price of Brent, the company was still doing much better than 2016 before he took over. 

Santos profit down 48%  Santos profit down 48%  Santos profit down 48%  Santos profit down 48%  Santos profit down 48% 
 
Profit before its one-time writedowns was US$212 million, down 48% from $411 million.

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