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Dana Gas, the Middle East’s largest regional private sector natural gas company, has seen its nine-month (9M) net profit soar 64% to AED589 million ($161 million) or 8.4 fils per share.
Higher yields supported Dana Gas net profit for 9-month '22 to Dh589m
International oil companies are targeting gas in Egypt's prolific deepwater as Europe seeks to replace Russian volumes.
The company generated a net profit of Dh407 million in the first six months of the year
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.