Harbour Energy PLC announced on Thursday, August 24, 2023, a drop in production during the first half of the year and a decrease in revenue, revenue and profits. However, it pays a rising dividend

The London-based oil and gas company announced it would drop its shares by 2.1% to 236.63 pence in London on Thursday. For its part, pre-tax profit for the first half of 2023 fell by 71% to 429 million USD, compared to 1.5 billion USD in the previous year. Also, the company recorded an after-tax loss of 8 million dollars, compared to 984 million dollars, due to exceptional charges and a higher tax rate in the United Kingdom. According to Harbour Energy PLC, this situation was mainly due to the introduction by the British government of the energy profits tax, which raised the overall tax rate on oil and gas profits from 40% last year to 75%

Par ailleurs, la société a declared an interim dividend of 12 cents US per share. This dividend is unchanged from the 2022 final dividend and up 9.1% compared to the previous year's 11 cents per share