UAE's Dana Gas Q1 profit falls 32%

Company blamed on a one-off gain in the year-earlier period
UAE's Dana Gas Q1 profit falls 32%
By Reuters
Thu 15 May 2014 11:41 AM

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.

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