Abu Dhabi – Mubasher: Dana Gas’ cash flows amounted to AED 2.25 billion by the end of the first half of 2018, CEO Patrick Allman-Ward said.
Ward added that the rise in the UAE-based energy producer’s first-half profit was attributed to an improvement in sales prices, according to a statement to the Abu Dhabi Securities Exchange (ADX).
The CEO also expected that his firm will continue its good performance in H2-18 until 2019.
Ward further noted that the Middle East’s largest regional natural gas company allocated about AED 367.5 million to repurchase more sukuk in the coming nine months.