March 27 (Reuters) - Ithaca Energy's full-year profit slumped to $215.6 million from $1.03 billion, it said on Wednesday, citing impairments related to its oil and gas projects and a heavier tax bill that includes Britain's levy on energy profits.
The North Sea-focused company produced about 70,239 barrels of oil equivalent per day (boe/d) in 2023, down from record output of 71,403 boe/d the previous year but in line with guidance of between 68,000 and 74,000 boe/d. (Reporting by Deep Vakil in Bengaluru Editing by David Goodman)
Ithaca Energy (ITH)