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Article: Egypt: Dana Gas achieves AED 392 million Net Profit for Q2.
- Article from:
- TendersInfo
- Article date:
- August 17, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: manish03
Dana Gas PJSC, the Middle East's largest regional private sector natural gas company, has announced its financial results for the quarter ending 30 June 2009, posting a net profit of AED 392 million for the second quarter, as compared to AED 34 million in the same period last year, and highlighting the strength of the Company's operations and business development strategy in this challenging economic climate.
Revenue from the sale of hydrocarbons reached AED 303 million, with gross profits reaching AED 97 million, an increase of 31 percent compared to the same period last year, mainly due to condensate sales from the Company's ...