Energean First Half Profit Jumps
Energean reported a 45 percent increase in first-half profit driven by a lower tax charge in Italy and a rebound in Israeli production. The gas producer maintained its full-year output guidance and advanced Egyptian asset deals.
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ENERGEAN PLC posted a 45% increase in first-half profit to $160 million on Wednesday morning, driven by a lower tax charge in Italy following production disruptions in Israel. The United Kingdom-listed gas producer recorded higher earnings despite a 10% drop in overall output.
