ASX-listed Beach Energy reported an after-tax net profit of A$387.5-million for the year ended June 30, compared with a net loss of A$588.8-million in the previous corresponding period.
Beach told shareholders on Monday that the after-tax net profit was A$976-million higher than the 2016 financial year, mainly owing to the recognition of a deferred tax assessment in the current year, as well as asset sales and reduced impairment charges.
