Oil Search (ASX:OSH) report 8% fall in profit

25FebFebruary 25, 2020

Oil Search (ASX:OSH) report 8% fall in profit

Oil Search (ASX:OSH) reports their NPAT has fallen 8 per cent to 312.4 million US dollars.

The fall is mainly due to a drop in global energy prices.

Total production for the company rose 11 per cent to 27.9 million barrels of oil equivalent.

They declared a final dividend of 4.5 cents per share, down from 8.5 cents it paid in 2018.

As announced on 1 October 2019, the Board is pleased to confirm that Dr Keiran Wulff’s appointment as Managing Director is now effective.

Shares in Oil Search (ASX:OSH) are trading 4.23 per cent lower at $5.89.
Copyright 2020 – Finance News Network

Source: Finance News Network

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