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Monday, 12 February 2018

Dana Gas sees profits after Egypt, Kurdistan make payments

EARNINGS WATCH- Dana Gas saw net profits of USD 83 mn in FY2017, up from a net loss of USD 88 mn in FY2016, largely on the back of payments from Egypt and the Kurdistan Regional Government, according to Reuters. Dana, which has struggled to collect receivables from Kurdistan and Egypt over the past four years, collected USD 466 mn from the KRG and USD 164 mn from Egypt last year.

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