Dana Gas blames weak oil prices for decline in Q1 profits | GulfNews.com:
"Dana Gas, the Sharjah-based energy firm with interests in the UAE, Egypt and Iraqi Kurdistan, has blamed weak oil prices for a second straight quarter of declining profit margins.
Dana Gas, listed on the Abu Dhabi's stock exchange, reported on Tuesday a $12 million net profit for the first quarter, a 73 per cent drop compared to $45 million a year earlier.
Gross revenue was $115 million for the three months ending March 31 compared to $180 million for the same period a year ago. "
'via Blog this'
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