Woodside (ASX:WPL) see profit fall 74.9%

Company News

by Rachael Jones

Woodside (ASX:WPL) report profit from ordinary activities after tax attributable to members decreased 74.9 per cent to US$343 million compared to 2018 US$1.364 billion

Underlying NPAT was $1.063 billion prior to the deduction of a $720 million non-cash impairment for the Kitimat LNG assets in Western Canada.

The directors have declared a final dividend of US 55 cents per share (cps), bringing the full-year dividend to US 91 cps.

The dividend was based on the underlying NPAT of $1,063 million.

Shares in Woodside (ASX:WPL) are trading 0.2 per cent higher at $33.94.

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.