The financial statements of the UAE company, Dana Gas, showed the company's transformation to profitability in the third quarter of this year, compared to losses in the same period of 2020.
According to the company's results for the Abu Dhabi Financial Market, today, Sunday, the profits for the period amounted to 514 million dirhams, compared to losses of more than one billion dirhams in the third quarter of last year.
The company's revenues increased in the third quarter of this year by 46%, on an annual basis, to reach approximately 432 million dirhams.
The company's profits exceeded one billion dirhams at the end of the first nine months of this year, compared to losses for the same period in 2020 of 1.39 billion dirhams.
The company's board of directors proposed increasing the annual cash dividend by 27%.
