United Arab Emirates firm Dana Gas posted a second-quarter net profit of 392 million dirhams ($106.7 million), a more than eleven-fold increase on the year-earlier period.

The company made a net profit of 392 million dirhams in the second quarter, compared with 32 million dirhams a year earlier, it said in a statement on Saturday.

Revenue from the sale of hydrocarbons reached 303 million dirhams, a 31 percent rise from 2008, due to condensate sales from the operations in the Kurdish region of Iraq, Dana Gas said.

(Reporting by John Irish)