Woodside HY18 profit edges 6 per cent higher

Company News

by Anna Napoli

Woodside (ASX:WPL) has reported its net profit after tax (NPAT) rose about 6 per cent to $541 million for the half year to June 30, when compared to the prior corresponding period.

In more good news for the mining company, its revenue strengthened over the half year, and lifted 27 per cent on the same time last year to $2.39 billion.

Its earnings before interest, tax, depreciation and amortisation (EBITDA) increased to $1.7 billion from $1.4 billion in the prior corresponding period.

The company declared a fully franked interim dividend of US$0.53 per share.

The company says the increased interim dividend reflects the strong operating cash flow for the half.

Shares in Woodside (ASX:WPL) closed 1.2 per cent  higher to $36.28