Dana Gas PJSC (DANA)

Abu Dhabi – Mubasher: Dana Gas posted 12% year-on-year (YoY) lower net profits at AED 586 million ($160 million) in 2023, compared to AED 667 million ($182 million). The company attributed the decline in profits to lower realised hydrocarbon …

Abu Dhabi – Mubasher: Dana Gas achieved net profits valued at AED 462 million ($126 million) in the first nine months (9M) of 2023, down 22% year-on-year (YoY) from AED 589 million ($161 million). Revenues dropped by 21% to AED 1.19 billion ($326 …

Abu Dhabi – Mubasher: Dana Gas has appointed Richard Hall as the Group CEO after the announcement of the retirement of Patrick Allman-Ward, according to a bourse disclosure. Hall will join Dana Gas on 6 November 2023, while the current CEO …

Abu Dhabi – Mubasher: Dana Gas achieved AED 304 million ($83 million) in net profit attributable to the owners during the first half (H1) of 2023, an annual plunge from AED 407 million ($111 million). Gross revenues stood at AED 814 million ($222 …

Abu Dhabi – Mubasher: Dana Gas has become the newest signatory to the Aiming for Zero Initiative, which aims to reduce methane emissions. The ADX-listed firm is currently the 20th producer committed to near-zero methane emissions from operated oil …

Abu Dhabi – Mubasher: Dana Gas has received regulatory approval to increase the foreign ownership limit to 100% instead of the previous 49% in the company’s shares. The decision has come into effect on 29 May after it was approved by Dana Gas’ …

Abu Dhabi – Mubasher: The net profits attributable to the equityholders of Dana Gas hit AED 183 million ($50 million) during the first quarter (Q1) of 2023, lower than AED 198 million ($54 million) in Q1-22. Gross revenues amounted to AED 447 …

Abu Dhabi – Mubasher: The board of Dana Gas recommended an incremental dividend distribution of 4.50 fils per share for the second half (H2) of 2022, according to a press release. Meanwhile, the board’s proposal will make the full-year cash …

Abu Dhabi – Mubasher: Dana Gas recorded a net profit worth AED 667 million ($182 million) in 2022, an annual plunge from AED 1.16 billion ($317 million). The adjusted net profits reached AED 718 million ($196 million) in January-December 2022, …

Abu Dhabi – Mubasher: Dana Gas registered net profits after tax worth $161 million (AED 589 million) in the first nine months (9M) of 2022, versus $279 million (AED 1.02 billion) in the year-ago period. The group witnessed an annual hike of 64% in …

Abu Dhabi – Mubasher: The board of Dana Gas has approved interim cash dividends worth AED 315 million, representing 4.50% of the capital, for the first half (H1) of 2022. The company would disburse 4.50 fils per share on 21 October, according to …

Abu Dhabi – Mubasher: Dana Gas generated AED 407 million in net profit after tax during the first half (H1) of 2022, an annual leap of 82% from an adjusted net profit of AED 225 million which excluded reversal of impairment. The basic earnings per …

Abu Dhabi – Mubasher: The net profits attributable to the equity holders of Dana Gas jumped by 125% to AED 198 million in the first quarter (Q1) of 2022 from AED 88 million in the same period of 2021, according to the company's unaudited …

Abu Dhabi – Mubasher: Dana Gas has been included in the Abu Dhabi Securities Exchange’s (ADX) new blue chip equity index FTSE ADX 15 Index (FADX 15), according to a bourse disclosure on Monday. Created by ADX and FTSE Russell, the FADX 15 index …

Abu Dhabi – Mubasher: The board of Dana Gas has proposed a cash dividend distribution of 4.5 fils per share for the second half (H2) of 2021. This recommendation will raise the total dividends to 8 fils per share for 2021, up 45% from 2020, …

Abu Dhabi – Mubasher: Dana Gas has achieved net profits of AED 1.16 billion in 2021, versus net losses of AED 1.38 billion in the earlier year, according to the company's preliminary unaudited financials for the year ended 31 December 2021. …

Abu Dhabi – Mubasher: Collections of Dana Gas from Egypt as well as the Kurdistan Region of Iraq (KRI) jumped by 107% year-on-year (YoY) to $377 million (AED 1.38 billion) in 2021 from $182 million (AED 667 million), according to a bourse …

Abu Dhabi – Mubasher: Dana Gas has received $39 million (AED 143 million) from its operations in Egypt during December. The payment has cut the company’s receivables from Egypt to less than $30 million, marking its lowest levels since launching …

Abu Dhabi – Mubasher: The shareholders of Dana Gas approved the distribution of a cash dividend worth 3.5 fils per share for the first half (H1) of 2021, according to a bourse disclosure on Sunday. The company will pay a total amount of AED 244.83 …

Abu Dhabi – Mubasher: Dana Gas has achieved net profits attributable to the equity holders of $277 million (AED 1.018 billion) in the January-September period of 2021, against net losses of $379 million (AED 1.39 billion) in the same period of …

Abu Dhabi – Mubasher: The board of Dana Gas has recommended a 27% increase in the annual cash dividends to 7 fils per year payable in six monthly instalments of 3.5 fils. The first six-monthly dividends of 3.5 fils per share will be distributed in …

Abu Dhabi – Mubasher: The collections of Dana Gas from the Kurdistan Region of Iraq (KRI) and Egypt jumped by 86% year-on-year (YoY) to $283 million (AED 1.03 billion) during the first ten months of 2021 from $152 million (AED 557 million) in the …

Abu Dhabi – Mubasher: Dana Gas has collected $256 million (AED 938 million) from the Kurdistan Region of Iraq (KRI) and Egypt during the first nine months of 2021, up 102% year-on-year (YoY) from $127 million (AED 466 million). The company's …

Abu Dhabi – Mubasher: The international arbitration tribunal has awarded Dana Gas $607.5 million (AED 2.23 billion) in damages in a gas supply dispute case against the National Iranian Oil Company (NIOC). This award will have a great impact on …

Abu Dhabi – Mubasher: Pearl Petroleum Company Limited, a consortium led by Dana Gas and Crescent Petroleum of the UAE, has entered into a seven-year financing agreement worth $250 million (AED 917 million) to support the gas expansion works at …