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Energy production: I3 Energy's profits and revenues down

01/09/2023
Source : ORISHAS FINANCE
Categories: Sectors

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En raison du coût de production plus élevés et d' un contexte macroéconomique difficile, l e baby eacute; fix and the turnover of i3 Energy PLC had both fallen in the first half of the year according to its announcement on Wednesday. However, the company has nevertheless increased its total dividend

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i3 shares were up 8.4% to 13.72 pence in London around noon on Thursday. The oil and gas company focused on the UK and Canada reported that pre-tax profit for the first six months of 2023 was £14.5 million, down 29% compared to £20.5 million in the first half of 2022. For I3, average production over the period increased by 8.9% to 20,640 barrels of oil equivalent per day, compared to 18,950 barrels of oil equivalent per day the previous year. However, production costs increased by 11%, from £32.8 million to £36.4 million

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