Santos (ASX:STO) full-year underlying profit down 1%

Company News

by Rachael Jones

Santos (ASX:STO) has delivered full-year underlying profit of $US719 billion ($1.08 billion), which was 1 per cent down on 2018 when it stood at $727 billion.

EBITDAX is up 14 per cent to $US2.46 billion from $3.68 billion.

The company's management declared a final dividend of US5 cents per share, down from US6.2 cents last year.

Santos held its sales volume guidance for 2020 unchanged at 99-107 mmboe.

Shares in Santos (ASX:STO) are trading 0.5 per cent lower at $8.13.
 

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.