Dana Gas, the UAE energy firm, on Monday said its third-quarter net profit more than quadrupled buoyed by a 20 percent increase in total production and higher oil prices.
The Gulf's only listed natural gas company posted a third quarter net profit of 143 million dirhams ($38.9 million), compared with net profit of 33 million dirhams for the year-ago period, it said in a statement to the Abu Dhabi bourse.
Quarterly revenues from the sale of hydrocarbons rose to 645 million dirhams, a 58 percent increase over the 407 million dirhams revenue for the same period last year.
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