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Energean Israel Q1 Result Slips

Energean Israel Limited, a subsidiary of Energean Plc (EERGF) on Thursday reported a decline in earnings and revenue for the first quarter.

For the three-month period to March 31, the company recorded a pre-tax income of $80.373 million, less than $93.241 million registered for the same period last year. Net profit stood at $61.964 million as against $79.910 million a year ago.

Operating income slipped to $123.112 million from last year's $136.609 million. Revenue was $253.283 million, down from $266.286 million in the previous year.

by RTTNews Staff Writer

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