Dana Gas, coming out as the biggest private sector company working in natural gas in the entire Middle East, announced its financial results for the first quarter ended together with receipt of tax from the Kurdistan Region.
“in Q1’2024 it reported revenues of Dhs356 million ($97 million) and net profits of Dhs139 million ($38 million), which were lower compared with the profits for Q1’2023, which were Dhs183 million ($50 million),” the company said in a statement.
It further stated, “This decline was the result of lower sales prices achieved for condensates during the first quarter of 2024 compared to their prices during the first quarter of 2023”.
