Santos posts strong year but 1% fall in underlying profit 

SANTOS chief Kevin Gallagher was cheerful after delivering another year in the black, with strong results and a fully-franked 5c per share interim dividend making up a full-year dividend of 11c, just two years after the company began payments again. 

Santos posts strong year but 1% fall in underlying profit  Santos posts strong year but 1% fall in underlying profit  Santos posts strong year but 1% fall in underlying profit  Santos posts strong year but 1% fall in underlying profit  Santos posts strong year but 1% fall in underlying profit 

A graphic of the planned Barossa development

However, it reported a 1% fall in full-year underlying profit despite US$1.14 billion in free cash flow, a rise of 13%. 
 
Revenue was up 10% to $4.