August 21 (Reuters) - Australian oil and gas explorer Santos (STO) on Wednesday posted a 18% drop in its first-half profit, hurt by weaker realized prices and a decline in overall production amid poor demand from top consumer China.
The country's second-largest independent gas producer reported underlying profit of $654 million for the six months ended June 30, down from $801 million last year. That compares to a Visible Alpha consensus estimate of $694.5 million.
News: STO Australia's Santos posts 18% drop in first-half profit
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