UAE's Dana Gas Q1 profit falls 32%

  • Share via facebook
  • Tweet this
  • Bookmark and Share

Dana Gas reported a 32 percent drop in first-quarter profit on Thursday that the United Arab Emirates' company blamed on a one-off gain in the year-earlier period.

Dana made a net profit of AED164m ($44.65m) in the three months to March 31, up from AED241m a year ago, according to a statement to Abu Dhabi's bourse.

The company said it made a one-off gain of AED143m from an asset sale in the first quarter of 2013.


Market Performance

Dana Gas
-0.02 -2.78 (%)
Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

Posted by: Ning Jin

Arabtec is listed on year 2004 with Market cap: Dh0.4bn, and now it's Market cap: Dh31.5bn. It is unbelievable ! They have built the world tallest tower. If you hold one IPO Share at Dh1.0 , today it will be worth Dh77.0, on other side look at Dana Gas is listed on year 2005. Investor bought at first day on DFM at Dh5.0 . Today it is Dh0.87, you hold it for 9 years, got minus 80% negative return, please do not waste your time and money!!!

Enter the words above: Enter the numbers you hear:

All comments are subject to approval before appearing

Further reading

Features & Analysis
Petroleum producers shift attention from Middle East: Kemp

Petroleum producers shift attention from Middle East: Kemp

Following four decades of war, sanctions, nationalisation and...

Back in business

Back in business

Iran’s tankers are back on the oceans as sanctions on the Islamic...

A new future for Saudi Arabia?

A new future for Saudi Arabia?

The vast Wadd Al Shimal phosphate mine in the north of Saudi...

Most Discussed