Energean Profits Surge Amid Strong Summer Demand

Gas producer Energean reported a rise in first-half profits, driven by increased production and strong summer demand in Israel. The company achieved a post-tax profit of $89 million, translating to 48 cents per share, up from last year's $70 million, or 39 cents per share.

Gas producer Energean posted a higher first-half profit on Wednesday, spurred by increased production and robust summer demand in Israel.

The company reported a profit after tax of $89 million, or 48 cents per share, for the six months ended June 30, up from $70 million, or 39 cents per share, recorded last year.

(With inputs from agencies.)