Summary
DANA Petroleum, the independent oil exploration company, said yesterday its first half net profit plummeted by 96per cent year-on- year on a writedown related to unsuccessful exploration spending and lower crude oil prices.
Company officials played down market talk of a potential takeover by the German utility RWE.See the full content of this document
Extract
Dana Slump Fuels Takeover Talk
The Aberdeen-based group, whose operations include the North Sea and Africa, said net profit slumped to GBP2.4m from GBP60.4m a year ago as revenue fell 47per ...
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