31.01.2012 - Dana profits treble but answers sought on $1bln Sukuk repayment
Profits at Dana Gas, an oil and gas producer based in Sharjah, more than trebled last year on the back of increased production and surging crude prices. The reaction on the stock market remained muted, however, as the company remained silent on its strategy to repay a US$1 billion (Dh3.67bn) sukuk maturing in October. Net income rose to Dh506 million from Dh158m in 2010. Gross revenue jumped 43 per cent to Dh2.53bn...............................................Full Article: Source
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