Australia’s upstream company Santos Limited last week reported a net profit after tax and exploration write-offs of A$322.1 million, or 51.2 cents per share, for the year ended 31 December 2002. (US$1=A$1.7). The company said its underlying operating profit came to A$392.3 million before A$70.2 million of after-tax exploration write-offs ($449.7 million operating profit before…

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