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.