Santos Limited (ASX:STO) has posted a full-year net profit of $753 million after tax to December, 51 per cent higher than the year before.
The increase was still less than some analysts had expected. The headline result includes a $408 million profit after tax from asset sales.
Underlying net profit was 20 per cent higher than 2010 due to higher oil and gas prices, partially offset by a strong Australian dollar and higher effective tax rate.
