Beach Energy has reported its financial and operating results for the first half of FY23, including a new dividend policy, further milestones for major growth projects and continued Balance Sheet strength.
Beach Energy refers to its previous announcements in relation to its proposal and counterproposal to acquire all the issued shares in Warrego Energy by way of a scheme of arrangement. Beach does not intend to match the revised Hancock Takeover Offer.
Beach Energy has announced FY22 full-year results and FY23 outlook. Despite lower production, increased demand and pricing for its products saw a rise in earnings and cash flows. Total revenue increased 13% to $1.8 billion and underlying earnings before interest, tax, depreciation and amortisation increased 17% to $1.1 billion.
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