Energy company, Santos (STO) announced an 11.3% rise in 1H13 underlying profit to $251m

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Energy company, Santos (STO) announced an 11.3% rise in 1H13 underlying profit to $251m. The result was driven by higher natural gas prices, which rose by 11% over the half. This helped offset a slight fall in both production & sales volume. Overall there were few surprises. A $0.15/s dividend was declared, to be paid to eligible shareholders on 30 Sept. STO reduced its dividend in 2011, however has still paid out $0.30/year over the past 3 years. A drop in production was already flagged in July, with guidance for FY13 downgraded to between 52-55mmboe. Visit investing.commsec.com.au/reportingseason for more information.

CommSec is Australia's leading online broker. CommSec has been committed to providing the best in online trading since 1995. CommSec helps make informed investment decisions with comprehensive market research, free live pricing and powerful...
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CommSec is Australia's leading online broker. CommSec has been committed to providing the best in online trading since 1995. CommSec helps make informed investment decisions with comprehensive market research, free live pricing and powerful...
Expertise
No areas of expertise