Beach Energy sees sales revenue of $1.25 billion

Company News

by Rachael Jones

Beach Energy (ASX:BPT) has seen their net profit after tax of $199 million fall down 49 per cent on the corresponding period, impacted by exploration asset impairment and non-recurring items such as acquisition and integration costs.

They saw sales revenue of $1.25 billion, up 92 per cent on the corresponding period.

Beach benefited from the successful acquisition and integration of the former Lattice Energy assets.

They are offering fully franked final dividend of 1.0 cent per share.

Shares in Beach Energy (ASX:BPT) is down 8.98 per cent to $1.70
 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.