Dana Gas Co. DANA

0.86 -0.07 -7.53 %

Dana Gas gets dividend of $22.75m from Pearl Petroleum

(5/17/2018 2:51:00 AM)

Dana Gas said on Wednesday it has received a dividend payment of $22.75 million from Pearl Petroleum in proportion of the company’s shareholding.

“This brings the total dividend payments received from Pearl Petroleum for the year to date to $36.75 million,” the company said in an emailed statement. Dana Gas reported a 27 per cent increase in net profit to $14 million (Dh51.42 million) in the first quarter of the year compared to $11 million reported during the same period last year.

Gulf News