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Dana Gas posts 12% rise in Q4 profit

: Monday, February 03 - 2014 @ 09:12

UAE-based Dana Gas has reported a 12% year-on-year increase in net profit in the fourth quarter of 2013 to Dhs128m ($34.9m), Reuters has reported. However, net income for the full year dropped 6% to Dhs571m, due in part to rising royalty payments to the Egyptian government and lower sales of liquid petroleum gas (LPG) in the Kurdistan Region of Iraq, Sharjah-based Dana Gas said.

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Monday, February 3- 2014 @ 9:12 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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