Dana Gas currently has $434 million in cash as of September-end after completing the restructuring of its sukuk earlier this year, the UAE-based producer said in a statement on Wednesday.

 

The company’s cash position, down from $608 million at the end of 2017, can be attributed to completion of the restructuring, which involved a $235 million payment of principal, accrued profit and other costs, it said.

 

In addition, the company had also approved a dividend payment of $95 million to shareholders in May this year.

 

Dana Gas posted a six percent increase in its revenue in the first nine months of 2018 to $351 million from $330 million over the same period last year, driven by higher realized hydrocarbon prices.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2024, Argaam Investment, All Rights Reserved
Call Request