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Dana Gas posts 32% drop in Q1 income

: Saturday, May 17 - 2014 @ 02:39

UAE-based Dana Gas has reported a 32% decline in first-quarter net profit to Dhs164m, compared with Dhs241m during the same period a year ago, Gulf News has reported. Net profit fell mainly due to a one-off gain of Dhs143m in the first quarter of 2013, after the partial sale of its shares in MOL Hungarian Oil and Gas, the firm said. Operating profit jumped 67% to $45m for the first three months of the year from $27m recorded in the same period a year earlier, it said.

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Saturday, May 17- 2014 @ 2:39 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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