AWE hoping for AAL repeat

AWE Limited has reported double-digit growth in underlying net profit and flagged its intention to take positions in new appraisal projects, given confidence in its Ande Ande Lumut project.

Releasing its FY2013 figures to the market today, it said that it had booked underlying net profit after tax of $17.1 million, which was up 15.5% on the previous corresponding period.