Dana Gas posts 50% rise in Q3 profit as Kurdistan gas output surges

“Dana Gas posts 50% rise in Q3 profit as Kurdistan gas output surges”

Dana Gas reported a 50 per cent rise in its third-quarter profit as increased production from its main gasfield in Iraq's Kurdistan region and stronger hydrocarbon prices boosted earnings despite security disruptions . Net profit climbed to $45 million in the three months to September, from $30 million a year earlier, the Sharjah-based company said on Friday. Revenue rose 42 per cent to $119 million. “Higher production at Khor Mor and stronger realised hydrocarbon prices have driven improved…