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Backed by high oil prices and a robust operational performance, Dana Gas, the Middle East’s largest private sector natural gas firm, saw its first-half (H1) net profit shoot up 82% to AED407 million ($111 million) or 5.8 fils per share.
Dana Gas PJSC has announced its financial results for the half year ended 30 June 2022. In the first six months of the year, the Company generated a net profit of AED 407 million ($111mm) or 5.8 fils per share, an 82% increase compared to an adjusted net profit (excluding reversal of impairment) of AED
Dana Gas did however record higher output from operations in Kurdistan region of Iraq
The company's net profit more than doubled, however.
Dana Gas, the Middle East’s largest regional private sector natural gas company, today announced a 125% jump in net profit for Q1 2022, reaching AED198 million ($54 million) or 2.8 fils per share as compared to AED88 million in Q1 2021.