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FINANCIAL NEWS
UAE’s Dana Gas posts USD12m net profit in Q1
05 May 2015
(MENAFN) Dana Gas, the independent gas company headquartered in Sharjah, recorded a net profit of USD12 million in the first quarter of the year, marking a huge decrease by 73.3 percent, Reuters reported.
The decrease came down as a result of low hydrocarbon prices. However, the company is still insisting on its offshore gas project, located in the UAE.
The company’s profit in the corresponding period a year ago was recorded at USD45 million. Nonetheless, it is now indebted a total of USD243 million in Egypt and USD770 million in Iraqi Kurdistan.
More News
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BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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