Woodside Petroleum Ltd., Australia’s second-largest oil and natural gas producer, said full-year profit declined 99 percent after the rout in energy prices forced the company to write down the value of its assets.
Net income fell to $26 million from $2.41 billion a year earlier, Perth-based Woodside said in a statement Wednesday. Underlying net income dropped to $1.13 billion, compared with the $1.03 billion median estimate of 12 analysts surveyed by Bloomberg
Day Trading 17 Feb Pre Market, page-21
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