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UAE’s Dana Gas posts gains in Q1 profit May 10, 2021 2:23:pm Summary by: Daniel Graeber Posted in: UAE’s Dana Gas posts gains in Q1 profit Emirati energy company Dana Gas said May 9 its 41% improvement in Q1 2021 net profit over last year was the result of production increases from the Kurdish region of Iraq. Net profit for the three-month period ending March 31 was $24mn, up from the $17mn reported in Q1 2020. Lower borrowing costs and the increase in gas production from the semi-autonomous Kurdish north led to the increase. Revenue in Q1 was $106mn, 2% higher than during the same period...

Dana Gas said the increase in net profit was the result of improved revenues from higher production in the Kurdistan Region of Iraq (KRI), and a reducti...

DUBAI: Dana Gas, the UAE energy company, reported a 41 percent increase in first quarter profit to $24 million as it boosted production in the Kurdistan region of Iraq (KRI). Overall revenues rose 9 percent to $106 million compared to a year earlier, the company said in a stock exchange filing on Sunday. A reduction in finance costs also helped to boost the Abu Dhabi-listed

Sharjah: Dana Gas, the Middle East’s largest private sector natural gas company reported a net profit of $24 million (Dh88 million), up 41 per cent in Q1 2021 compared to $17 million (Dh62 million)in Q1 2020. The increase in net profit was the result of improved revenues from higher production in the Kurdistan Region of Iraq (KRI), and a reduction in finance cost due to lower borrowings in Q1 2021 as compared to Q1 2020. Revenue was $106 million, 2 per cent higher compared to $104 million in Q1 2020. The improved performance was mainly due to a 9 per cent production increase in the KRI. Rea...

Dana Gas posts 41% surge in Q1 net profit to $24m SHARJAH, 3 hours, 33 minutes ago Dana Gas, a leading private sector natural gas company, said its net profit was up 41% in the first quarter (Q1) of 2021 reaching $24 million (AED 88 million) as compared to $17 million (AED62  million) in Q1 2020. The increase in net profit was the result of improved revenues from higher production in the Kurdistan Region of Iraq(KRI), and a reduction in finance cost due to lower borrowings in Q1 2021 as compared to Q1 2020. Revenue was $106 million (AED 389 million), 2% higher compared to $104 million (A...