AWE announces loss

The BassGas Project, offshore Victoria.

The BassGas Project, offshore Victoria.

AWE Limited has reported a loss after tax of $23.8 million in its HY18 results, impacted by non-recurring items of $18.5 million after tax.

The underlying net loss after tax for HY18 was $5.3 million, which represents a 54 per cent improvement on the HY17 figures of $11.5 million.

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