Santos Limited Announces Lower Mid-Year Profits

Santos Limited (AU:STO) has released an update.

Santos Limited reported a decrease in revenue and profits for the first half of 2024, with revenue dropping by 9% to $2.711 billion and statutory profits falling 19% to $636 million. Despite the downward trend, the company resolved to pay an interim dividend of 13.0 US cents per ordinary security. The record date for dividend entitlements has been set for 27 August 2024.

For further insights into AU:STO stock, check out TipRanks’ Stock Analysis page.