Dana Gas, the UAE energy firm that restructured a $920 million Islamic bond in April, said on Sunday that its second-quarter net profit fell sharply.
Dana made a net profit of AED100m ($27.2m), the company said in an emailed statement. This compares with AED181m a year earlier.
Revenues for the second quarter were AED528m, down from AED554m, it said.
Dana said its average overall production volume was up 5 percent to 61,700 barrels of oil equivalent per day in the second quarter.For all the latest energy and oil news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
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