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Dana Gas Q3 net profit edges down in Q3

Dubai, November 4, 2013

Dana Gas made a net profit of 102 million dirhams ($27.8 million) in the third quarter compared to 104 million dirhams in the same period of last year, the United Arab Emirates energy company said on Monday.

Gross revenues for the third quarter were 623 million dirhams, up 21 percent from 512 million dirhams a year ago.

Dana, which restructured a $920 million Islamic bond in April, saw its profit fall 45 percent in the second quarter of 2013. – Reuters


Tags: Dana Gas | Net Profit |

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