Beach lifts profit guidance as more growth tipped

Original article by Angela Macdonald-Smith
The Australian Financial Review – Page: 18 : 14-Feb-19

Beach Energy has posted a 2081-19 interim net profit of $282.9m and underlying earnings of $278.8m. Sales rose by 169 per cent to $1.057bn, and Beach has upgraded its full-year EBITDA forecast in response to its strong performance in the first half. CEO Matt Kay says the oil and gas group will consider acquisitions, but he stresses that any deals would need to add value for shareholders. Shares in Beach closed 5.3 per cent higher at $1.78 on 13 February.

CORPORATES
BEACH ENERGY LIMITED – ASX BPT, LATTICE ENERGY LIMITED, SEVEN GROUP HOLDINGS LIMITED – ASX SVW, BP PLC, CUE ENERGY RESOURCES NL – ASX CUE, JP MORGAN AUSTRALIA LIMITED, CITIGROUP PTY LTD

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