Dana Gas Posts 3Q Net Pft On Higher Revenues, Cutting Costs

DUBAI Dana Gas PJSC (DANA.AD), the U.A.E. oil and gas company, said Wednesday it made a third-quarter net profit after tax of 33 million U.A.E. dirhams ($8.98 million), reversing an AED79 million loss in the corresponding period a year ago, due to increased revenues from higher output in Egypt and Iraqi Kurdistan, and lower exploration expenses.
[Read more]
Source: Zawya