Company blamed on a one-off gain in the year-earlier period
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.
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!!!