
Santos announces $2.7 billion loss
Robust write-downs to stave off bottoming energy prices have seen Adelaide-based oil and gas producer Santos post a hefty $2.7 billion loss and a 91 per cent drop in net profit.
Robust write-downs to stave off bottoming energy prices have seen Adelaide-based oil and gas producer Santos post a hefty $2.7 billion loss and a 91 per cent drop in net profit.
Copper has slipped as oil tumbled towards 11-year lows and risk appetite was subdued ahead of an expected US rate rise, although better-than-expected Chinese economic data put a firm floor under prices.
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