Seven Group cashes in on east coast gas demand

SEVEN Group Holdings, which owns subsidiary SGH Energy and a 28% stake in mid-cap Beach Energy, has continued its positive run of earnings, noting a jump in total group underlying revenue profits to A$479 million.

Seven Group cashes in on east coast gas demand Seven Group cashes in on east coast gas demand Seven Group cashes in on east coast gas demand Seven Group cashes in on east coast gas demand Seven Group cashes in on east coast gas demand

SGH managing director and CEO Ryan Stokes.

 

SGH's 28% stake in Beach proved lucrative with the interest bringing in over $158.4 million in Net Profit After Tax - a rise of 54% on 2018.