** Shares of Karoon Energy KAR.AX rise 4.7% to A$1.455
** Stock rose as much as 8.8% to A$1.510 earlier in the day, their highest level since February 12
** Oil and gas explorer's unit Karoon Petróleo & Gás signs a sale and purchase agreement with Altera & Ocyan
** Unit to acquire the Baúna Cidade de Itajaí (CDI) FPSO project in Brazil for $115 million
** Co also announces FY net profit after tax of $127.5 million, up 4% compared to last year
** KAR declares a final dividend of 5 cents per share
** Stock up 4.7% YTD, including current session's moves
(Reporting by Manasi Dasa in Bengaluru)
((Manasi.DasaSundeep@thomsonreuters.com;))
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