(MENAFN- ABN Newswire) 
Reports Record Interim Underlying Profit Sydney, Aug 22, 2019 AEST (ABN Newswire) - Santos Ltd ( 
ASX:STO ) today announced its half-year results for 2019, reporting both record EBITDAX and underlying profit.
22 August 2019
2019 Half-year results (US$m)
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Product sales $1,974 +18%
EBITDAX $1,260 +43%
Underlying profit $411 +89%
Net profit after tax$388 +273%
Free cash flow$638 +74%
Interim dividend (UScps) 6.0 +71%
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The Board has resolved to pay an interim dividend of US6.0 cents per share fully-franked, an increase of 71% over the previous interim dividend.The dividend is in-line with Santos' sustainable dividend policy which targets a range of 10% to 30% payout of free cash flow.
Santos Managing Director and Chief Executive Officer Kevin Gallagher said: "Today's announcement of half-year results demonstrates the strength of our cash-generative operating model and the successful integration of the Quadrant acquisition."
About Santos Limited
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