Dana Gas, which faces a $1 billion sukuk maturity in October, reported sharply higher fourth-quarter and yearly profits on Monday, buoyed by an increase in production and higher oil prices.
Abu Dhabi-listed Dana, which has operations in the UAE, Egypt and Kurdistan, made quarterly profit of 147 million dirhams ($40 million), according to Reuters calculations. It had profit of 59 million dirhams in the year-ago period.
A Global Investment House analyst had forecast quarterly profit of 151 million dirhams, in a Reuters poll.
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