Abu Dhabi – Mubasher: Dana Gas’ shareholders decided Thursday to withhold FY15 cash dividends for the second consecutive year, according to a bourse filing.
They also ratified the annual financial statements and amended the memorandum as per UAE commercial law.
By the end of 2015, Dana Gas saw an increase of annual profits by 15.5% year-over-year to AED528 million ($144 million) from AED457 million.
The company operates with AED6.96 billion, distributed over 6.96 billion shares at a par value of AED1 each.
By 10:14am UAE time, Dana’s stock was 1.75% up to AED0.56, achieving a turnover of AED1.3 million with 2.3 million shares changing hands.
