Santos Limited
(ASX:STO) has delivered a first half net profit of $271 million, a 3 per cent rise on the same period last year.
In the six months to June 30, sales revenue was a record $1.5 billion even though sales volumes fell by 6 per cent.
Santos says its half-year earnings were impacted by its year-to-date production, which was down 4 per cent to 24.5 million barrels of oil equivalent.
The oil and gas producer maintained its full-year production guidance of between 52 and 55 million barrels of oil equivalent.
The group will pay a fully-franked interim dividend of 15 cents per share.
