Dragon Oil delivers record interim results as profits rise by 34%

OIL exploration company, Dragon Oil has delivered a record set of interim results for the first half of 2008 and said it is on course to generate significant production growth for the year as a whole.

Although Dragon is headquartered in Dubai and is 52% owned by the Emirates National Oil Company, the company is registered in Ireland and has a dual stock exchange listing in Dublin and London.

Pre-tax profits for the first six months of the year were up — on a year-on-year basis — by 34% to $166.9 million (€112.7m).