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Article: Dana Gas profit soars to Dh392m.
- Article from:
- Gulf News (United Arab Emirates)
- Article date:
- August 16, 2009
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Byline: Staff Report
Dubai: Dana Gas PJSC, the Middle East's largest regional private sector natural gas company, yesterday reported a net profit of Dh392 million for the second quarter, compared to Dh34 million in the same period last year.
Revenue from the sale of hydrocarbons was Dh303 million, with gross profits reaching Dh97 million, an increase of 31 per cent over the same period last year.
This was mainly due to condensate sales from the company's operations in the Kurdistan region. For the six-month period ended June 30, Dana Gas generated total revenues of Dh550 million, with a gross profit of Dh165 million, a net profit of Dh360 ...