Net plunge, underlying gain, GLNG growth constrained

SANTOS has chalked up a net profit plunge of 31% to $A518 million for the full year but its 2P reserves grew to 1.4 billion barrels of oil equivalent amid GLNG underlying reserves growth concerns.

Net plunge, underlying gain, GLNG growth constrained Net plunge, underlying gain, GLNG growth constrained Net plunge, underlying gain, GLNG growth constrained Net plunge, underlying gain, GLNG growth constrained Net plunge, underlying gain, GLNG growth constrained

Announcing its yearly results to the market today, Santos said that while it had taken a hit on net profit the previous result was heavily impacted by gains on asset sales to the tune of $408 million

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