Harbour Energy shares sink as losses widen on tax hit
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Harbour Energy PLC shares fell over 13% due to increased losses from the UK's windfall tax, resulting in a post-tax loss of $93 million for the year ending December 31.
March 06, 2025 | 9:45 am
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Harbour Energy's shares dropped over 13% after reporting a significant increase in post-tax losses due to the UK's windfall tax, which led to a $93 million loss for the year.
The significant drop in Harbour Energy's share price is directly linked to the increased post-tax losses caused by the UK's windfall tax. The effective tax rate of 108% severely impacted the company's profitability, leading to a negative market reaction.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100