Dana Gas, the biggest privately owned business working in the petroleum gas area in the Center East, declared on Thursday its monetary outcomes for the principal quarter finished, including receipt of duty from the Kurdistan District.
“during the first quarter of 2024, it recorded revenues of 356 million dirhams ($97 million) and net profits of 139 million dirhams ($38 million), which represents a decline compared to the profits of the first quarter of 2023, which amounted to 183 million dirhams ($50 million),” the business stated in a statement.
“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,” reads the additional statement.
