MARKETS

Santos sees profit rise 300%

SANTOS has seen full year profit triple, with free cash flow at US$1.5 billion, underlying profit of $946 million and net profit after tax of $658 million. In 2020, it reported a loss of $357 million. 

Santos' Kevin Gallagher

Santos' Kevin Gallagher

Revenue, profit and cash flow were all at their highest levels ever as the much  higher oil and gas prices drove the rise—shareholders will see some of that with a dividend of 8.5c per share, a 70% rise. ...

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