MARKETS

Beach downgrades guidance

BEACH Energy has revised down much of its guidance for financial 2020 and reported a revenue fall of 10% compared to the previous corresponding six months in its half year report for financial 2020 this morning.

Beach MD Matt Kay

Beach MD Matt Kay

Compared to the previous corresponding period, revenue was down 10% to A$948.3 million, net profit after tax down 2% to $278.5 million, and underlying NPAT down 2% to $273.5 million. Guidance for...

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