Woodside Petroleum net profit rose 49%

Company News

by Jessica Amir

Woodside Petroleum (ASX:WPL) has reported its net profit attributable to shareholders rose over 49 per cent to US$507 million for the half-year to 30 June 2017.

Meantime its revenue from ordinary activities fell almost 4 per cent to US$1.87 billion over the six months. The group also saw its contingent liabilities soften.

The company declared an interim dividend of 49 US cents per share fully franked, with a record date of 25 August 2017.

In good news for the group and its shareholders its financing costs fell over the six months.

Shares in Woodside Petroleum (ASX:WPL) lasted traded about 0.3 per cent lower yesterday to $29.14.
 

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