Abu Dhabi – Mubasher: The improvement in oil prices and sales, in addition to the costs reduction programme helped in increasing Dana Gas’ profits in the first quarter of 2017, head of investor relations at the company told CNBC Arabia.
The company’s net profits jumped 81.8% to AED 40 million ($109 million) in the first three months of 2017.
Operating costs declined 23% to reach AED 37 million in Q1-17, compared to AED 48 million in Q1-16.
