Harbour Energy Bounces Back to Profitability Despite Revenue Dip ...Middle East

Harbour Energy has returned to the black on Thursday despite the largest UK-based North Sea oil and gas firm suffering a dip in revenue and cratered free cash flow. The producer had been a victim of the energy profit levy imposed off the back of energy price spikes in 2022, with the 75 per cent tax rate hitting its profit for much of 2023. But the FTSE 100 constituent posted a return to profitability in the six months to June 30, with profit after tax rising to £44.9m, up from a loss of £8m in the first half of 2023. The profit jump…

Hence then, the article about harbour energy bounces back to profitability despite revenue dip was published today ( Thursday 08/08/2024 - 07:34 PM ) and is available on OILPRICE ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Harbour Energy Bounces Back to Profitability Despite Revenue Dip )

Also on site :

• South Africa: Minister Enoch Godongwana Cuts Fuel Tax By R3
• Mending Launches Mending Access, Bringing Integrated Direct Primary Care to TPAs and Self-Funded Employers Nationwide
• BTQ Technologies Appoints Dr. Ro Cammarota to Accelerate QCIM Product Development, Commercialization, and Global Partnerships