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Australia's Woodside Petroleum H1 profit falls 23% on Pluto LNG maintenance

Published 15/08/2019, 08:53 am
© Reuters.  Australia's Woodside Petroleum H1 profit falls 23% on Pluto LNG maintenance
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Aug 15 (Reuters) - Woodside Petroleum WPL.AX , Australia's biggest oil and gas company, said on Thursday its net profit in the first-half fell 22.6%, due to extended maintenance period at its Pluto LNG facility.

The 65-year old oil and gas explorer reported net profit of $419 million for the half-year ended June 30 compared with $541 million a year earlier.

It also cut its interim dividend to 36 cents per share, compared with 53 cents a year earlier.

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