Dana Gas posts Q3 loss on provisions, write offs

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DUBAI | Thu Nov 12, 2009 6:12am EST

DUBAI Nov 12 (Reuters) - UAE'S Dana Gas DANA.AD said in a statement on Thursday it made a net loss of 79 million dirhams ($21.51 million) in the third quarter blaming exploration write offs and impairment provisions.

Dana Gas made a third-quarter net profit of 26 million dirhams in the same period last year, according to previous financial statements. (Reporting by Stanley Carvalho)

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