BUZZ-Australia's Karoon Energy slips on weak annual earnings
Reuters
Feb 26
BUZZ-Australia's <a href="https://laohu8.com/S/KRNGF">Karoon Energy</a> slips on weak annual earnings
** Shares of Australia's Karoon EnergyKAR.AX fall as much as 4.6% to A$1.56, post their biggest intraday pct drop in two weeks
** Stock touches lowest level since February 18
** Oil and gas explorer posts FY net profit after tax (NPAT) attributable of $125.5 million, down 2% from last year
** Logs FY revenue of $628.6 million, down 19% from last year
** Declares final dividend of 3.1 Australian cents/share, down from 5 Australian cents/share in previous year
** Expects 2026 Who Dat oilfield production to be towards lower end of 2.1 – 2.5 million barrels of oil equivalent (MMboe) forecast range
** KAR up 3.7% YTD
(Reporting by Aamir Shaik Khalid in Bengaluru)
((Aamir.SheikKhalid@thomsonreuters.com;))
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