DUBAI - Dana Gas on Thursday posted a first-half loss of 69 million dirhams ($18.79 million) which included a $37 million impairment charge related to oil and gas assets in Egypt affected by low oil prices.
UAE-based Dana Gas, which made a profit of 513 million dirhams a year earlier, said the loss also reflected the decreased value of its financial assets.
It had $366 million in cash and cash equivalents at the end of June versus $425 million at the end of 2019.
($1 = 3.6728 UAE dirham)
(Reporting by Yousef Saba; editing by Jason Neely) ((Yousef.Saba@thomsonreuters.com; +971562166204))