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BG signs off with $3bn flourish before Shell’s bittersweet takeover

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Screen Shot 2016-01-13 at 08.05.25Marcus LerouxFebruary 7, 2016

BG Group has returned to profit in “bittersweet” valedictory results on the eve of its takeover by Royal Dutch Shell.

A pre-tax profit of $3 billion compared with a writedown-inflicted loss of $1.1 billion in 2014.

During the year BG started the $20 billion Queensland Curtis liquefied natural gas project in Australia and boosted its production in Brazil. Both had been sources of trouble for the company as it issued a succession of profit warnings between 2012 and 2014. 

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