Santos Limited (NASDAQ:STOSY) - Higher average realized prices drive revenue growth in 1H 08. Free research report for 1H 08 results.

Posted by on August 21st, 2008 at 12:49pm

:: Tips and Tricks wrote an interesting post today on
Here’s a quick excerpt
Santos Limited (Santos) reported positive y-o-y growth in revenues in 1H 08, driven by higher realized hydrocarbon prices, partially offset by lower sales volumes. Although operating margin declined on a yo- y basis, reflecting higher cost of sales, operating income was above our expectations due to lower depreciation expenses during the quarter. Management has re-iterated its hydrocarbon production and capex guidance for FY 2008. Although Santos’ common stock price no longer supports a HOLD

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