Dana Gas profits jump 77% as enegry prices rise | GulfNews.com

Dana Gas profits jump 77% as enegry prices rise | GulfNews.com:

"Dana Gas, the Sharjah-based natural gas company, reported on Tuesday a 77 per cent jump in its net profit for the first half of 2017 on the back of lower costs and higher energy prices. In the first half, the company recorded $23 million in net profits, up from the $13 million recorded in the same half of 2016 as operating costs fell 7 per cent. Capital expenditure was also axed by 84 per cent, supporting the increase in profitability, as revenues grew. The figures put net profit in the second quarter of 2017 alone at $12 million, up 71 per cent from the $7 million recorded in the second quarter last year. "



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