Dana Gas reports $10.6m Q4 profit

Abu Dhabi-listed Dana Gas said on Thursday it made net profit of Dh39 million in the fourth quarter and revenue from oil and gas production Dh1.04 billion in 2007.

The company posted profit attributable to shareholders of Dh111 million in 2007, it said in a statement.

EFG-Hermes had forecast in a Reuters net profit survey last month that Dana Gas's fourth-quarter profit would be Dh22.8 million. (Reuters)