Santos Limited (ASX:STO) has posted a 24 per cent dip in first half net profit while reaffirming its full year guidance.
The oil and gas explorer has blamed the hit on net profit on a $67 million impairment charge relating to its withdrawal from the South Sumatra CSG project.
Revenue for the first 6 months of this year was up 25 per cent to $1.9 billion.
The company says the start up of the PNG LNG project ahead of schedule has enabled a boost in returns to shareholders of 33 per cent.
An interim dividend of $0.20 fully franked will be paid on September 30.
