UAE-based Dana Gas has reported an increasing trend in its gross profit for third-quarter. The company has registered handsome growth of 64% in its third-quarter gross profit as compared to the similar period in 2008.

In a declaration, the company said that its revenues have witnessed an upward trend of 12% at Dh359 million (USD 97.74 million) in the reporting quarter.

As per last financial statements, the company has posted a net profit of Dh26 million in the third three month period of fiscal 2008.

Dana Gas is a public joint stock conglomerate as well as the first regional private sector-based natural gas resource enterprise built in the Gulf region.