Dana Gas Pjsc Announces Unaudited Consolidated Earnings Results for the Second Quarter and Earnings and Operating Results for the Firs Half Year Ended 30 June 2018
For the quarter, the company reported revenue of $116 million against $104 million a year ago. Profit before income tax was $20 million against $18 million a year ago. Profit attributable to the shareholders was $10 million or $0.002 per share against $12 million or $0.002 per share a year ago. Net cash flow from operating activities was $123 million against 169 million a year ago.
Group average production in first half of 2018 was 63,600 barrels of oil equivalent per day, down 6% from 67,550 boepd a year ago, due to lower output from Egypt and the UAE.