MARKETS

Not so quiet on the Western Flank: Beach share price down on profit fall 

BEACH Energy has been hard hit by a precipitous drop in production from its Western Flank oil assets in the Cooper Basin, and has slashed guidance for this financial year.

Beach MD Matt Kay

Beach MD Matt Kay

The Adelaide company's full year report of today has noted a serious drop in profit and cut its production guidance.    Full-year profit down an eye watering 37% to $316 million, and revenue 10% to...

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