Oil Search half-year profit rises nearly sixfold
Aug 24 (Reuters) - Papua New Guinea-focused Oil Search Ltd OSH.AX on Tuesday reported a nearly sixfold rise in half-year core profit, boosted by strong oil prices as demand recovered with easing pandemic restrictions globally.
The oil and gas explorer, which is close to a takeover by rival Santos Ltd STO.AX, said core profit after tax rose to $139 million for the six months ended June 30 from $24.7 million a year earlier.
(Reporting by Savyata Mishra and Harish Sridharan in Bengaluru; Editing by Devika Syamnath)
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.