Improvement on better conditions
Dana Gas reported 9M 2017 revenues of US$330m, 18% higher compared to US$280m in the same period of 2016. 9M 2017 net profit increased from US$26m to US$125m. CAPEX declined by 74% during 9M 2017 to US$28m, driven by lower Capex in Egypt. During the quarter the Company completed one of its most critical projects. The South Faraskur Compression project has added 5 MMscf/d in volume and has guaranteed maximum capacity output through the end of the year.
AlphaMena is the MENA stocks leader in independent equity research, covering 142. MENA securities spanning across 19 sectors and 8 countries relaying on a team of 11 analysts. The breadth of coverage allows AlphaMena to formulate a coherent view on markets, sectors and to highlight the best investments in Mena zone using a robust homogeneous and transparent methodology, enabling pure and pertinent comparisons based on financial and extra-financial criteria.
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