Flex LNG reports Q4 2017 revenues of $7.9m
Flex LNG Ltd., an emerging leader in the Liquefied Natural Gas ("LNG") shipping and floating regasification market, today reports unaudited results for the three and twelve months ended December 31, 2017.
Highlights for Q4 2017:
Reported Revenues of $7.9m compared to $9.8m in previous quarter.
Reported net operating income before depreciation of $1.3m compared to a net operating loss before depreciation of $4.1m in previous quarter.
Reports profit before tax for the fourth quarter of $1.3m, or $0.00 per share and loss of $10.4m, or $0.03 per share, for the twelve months ending December 31, 2017.
During the quarter, operated two chartered-in LNG carriers ("LNGC") in order to build a market presence and operational track record.
Signed and executed a $315m secured term loan facility