Dana Gas’ cash inflows hit AED 2.25bn in H1 – CEO

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.

Mubasher Contribution Time: 02-Sep-2018 07:09 (GMT)
Mubasher Last Update Time: 02-Sep-2018 07:19 (GMT)