Oil and gas major Santos has reported a 7% increase in net profits after tax for the full year ending December, with the ASX-listed company reporting record annual free cash flows.
Net profits after tax for the full year reached $674-million, up from the $630-million reported in the previous financial year, while earnings before interest, tax, depreciation and amortization increased by 14%, from $2.1-billion to $2.4-billion.