Oil and gas major Woodside Energy has seen a significant drop in its full year net profits after tax after recording a $720-million non-cash impairment for the Kitimat liquefied natural gas (LNG) asset, in Canada.
The ASX-listed major on Thursday told shareholders that the net profit after tax for the 2019 financial year was down to $343-million, from the $1.36-billion reported in the previous financial year.