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Falling Dana Gas profit
Date: 09/02/2017 10:24
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Information / Baghdad ..
Reuters calculations showed the reality of the business announced by Dana Gas in the United Arab Emirates on Thursday, falling company's net profit in the fourth quarter of last year's results.
According to Reuters calculations that Dana Gas posted a net profit of seven million dollars in the three months to December 31 compared with a profit of $ 134.2 million in the corresponding period of the previous year.
The company said in a statement to the Stock Exchange that its net profit in the full year of 2016 totaled $ 33 million, compared with $ 144 million in 2015. The company did not disclose its quarterly results and then Reuters calculated from the reality of the financial statements.
Dana Gas has faced difficulties in recent seasons under-awaited collection of receivables in Egypt and Kurdistan Region of Iraq after the economic and political turmoil in which such payments are delayed.
Dana Gas said that the dues amounted to $ 265 million in Egypt and $ 713 million in Iraqi Kurdistan until 31 December. Finished / 25
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[url][/url]Information / Baghdad ..
Reuters calculations showed the reality of the business announced by Dana Gas in the United Arab Emirates on Thursday, falling company's net profit in the fourth quarter of last year's results.
According to Reuters calculations that Dana Gas posted a net profit of seven million dollars in the three months to December 31 compared with a profit of $ 134.2 million in the corresponding period of the previous year.
The company said in a statement to the Stock Exchange that its net profit in the full year of 2016 totaled $ 33 million, compared with $ 144 million in 2015. The company did not disclose its quarterly results and then Reuters calculated from the reality of the financial statements.
Dana Gas has faced difficulties in recent seasons under-awaited collection of receivables in Egypt and Kurdistan Region of Iraq after the economic and political turmoil in which such payments are delayed.
Dana Gas said that the dues amounted to $ 265 million in Egypt and $ 713 million in Iraqi Kurdistan until 31 December. Finished / 25
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