Australia's Beach Energy up on upbeat quarterly production
21/01/2025 23:45
** Shares of Beach Energy BPT.AX rise 4.4% to A$1.540,
their highest level since July 22
** The oil and gas producer reports second-quarter
production of 5 MMboe (million barrels of oil equivalent per
day), higher than 4.3 MMboe recorded a year ago
** Citi says co's quarterly production beat the brokerage's
estimates
** Co logs quarterly sales revenue of A$563 million
($352.49 million), 32% rise from its previous quarter
** Stock up 7.2% this year, including the day's move
($1 = 1.5972 Australian dollars)
(Reporting by Rajasik Mukherjee in Bengaluru)
((Rajasik.Mukherjee@thomsonreuters.com))
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