Beach announces revenue boost for March 18 Qtr

Company News

by Anna Napoli

Beach Energy (ASX:BPT) has announced an 89 per cent rise in sales revenue to $393 million for the March 2018 quarter.

Production is up 150 per cent on the same time last year.

Total capital expenditure rose to $86 million from $37 million in the prior corresponding period.

The company says the boost in revenue was due to the contribution of new assets.

Shares in Beach Energy (ASX:BPT) Have jumped 1.5 per cent since the announcement to $1.54

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.