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

[videojs_hls url=’//du7x25at22z7c.cloudfront.net/275289/index_HLSv3.m3u8′ poster=’http://www.finnewsnetwork.com.au/newssystem/Headlines06_360_200220.jpg’]

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.
 
Copyright 2020 – Finance News Network

Source: Finance News Network