Oil and gas company, Beach Energy (ASX:BPT) has reported its net profit after tax (NPAT) Increased 196 per cent to 282.9 million for the first half of 2019 when compared to the prior corresponding period.
The company has lifted its FY19 earnings guidance (EBITDA) to $1.25 to $1.35 billion due to the strength of its portfolio of assets.
Revenue (from ordinary activities) strengthened to over the six month period, lifting 169 per cent on the same time last year to $ to 1.1 billion.
The company declared a Fully franked Interim dividend of 1 cent.
Shares in Beach Energy (ASX:BPT) are trading 5.92 per cent higher to $1.79.