Profit slide off inflated high

Company News


Oil and gas producer Santos Limited (ASX:STO) has revealed a 30 per cent slump in full year net profit.

In the absence of asset sales, which helped boost the previous years’ results, full year profitfell to $519 million.  

Santos maintained a final dividend of 15 cents per share, fully franked.

It also reaffirmed it is on track to meet its production targets for 2013. 

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