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Bonds News

Lundin Energy raises output target as Q3 profit beats forecast

OSLO, Oct 30 (Reuters) - Swedish independent oil firm Lundin Energy, a partner in Norway’s giant Johan Sverdrup field, reported on Friday a bigger-than-expected rise in core profit for the third quarter and raised its full-year output target.

Earnings before interest, taxes, depreciation and amortization (EBITDA) rose to $515.6 million from $411.3 million a year ago, beating the $506.1 million seen in a Refinitiv poll. (Reporting by Nerijus Adomaitis, editing by Terje Solsvik)

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