公告日期:2019-08-24
ASX / Media Release
22 August 2019
Santos reports record interim underlying profit of $411 million
and 71% increase in interim dividend
Half-year (US$m) 2019 2018 Change
Product sales 1,974 1,680 18%
EBITDAX1 1,260 883 43%
Underlying profit1 411 217 89%
Net profit/(loss) after tax 388 104 273%
Free cash flow1 638 367 74%
Interim dividend (UScps) 6.0 3.5 71%
Santos today announced its half-year results for 2019, reporting both record EBITDAX and
underlying profit.
The Board has resolved to pay an interim dividend of US6.0 cents per share fully-franked, an
increase of 71% over the previous interim dividend. The dividend is in-line with Santos’
sustainable dividend policy which targets a range of 10% to 30% payout of free cash flow.
Santos Managing Director and Chief Executive Officer Kevin Gallagher said: “Today’s
announcement of half-year results demonstrates the strength of our cash-generative operating
model and the successful integration of the Quadrant acquisition.”
“Santos has delivered strong interim financial results with EBITDAX1 up 43% to a record
US$1.3 billion and free cash flow1 up 74% to US$638 million. Underlying profit1 after tax
increased by 89% to a record US$411 million.
“Consistent application of our disciplined operating model continues to deliver cost reductions
and efficiencies, with normalised production costs2 down 5% to US$7.27/boe.
“Our forecast free cash flow breakeven oil price for 2019 is now reduced to ~US$31 per barrel,
in-line with 2018 notwithstanding higher capex this year. Every US$10 per barrel increment i……
[点击查看PDF原文]
提示:本网不保证其真实性和客观性,一切有关该股的有效信息,以交易所的公告为准,敬请投资者注意风险。