Brief: Awilco LNG Q1 EBITDA At $11.0 Million

Alng ASA

27/05/2022 07:07

May 27 (Reuters) - Awilco LNG ASA  ALNG.OL :
    * ALNG - Q1 2022 REPORT
    * EBITDA FOR Q1 2022 ENDED AT USD 11.0 MILLION, UP FROM USD
10.7
MILLION IN Q4 2021
    * Q1 NET RESULT OF USD 6.0 MILLION AND EARNINGS PER SHARE OF
USD
0.05 FOR Q1, UP FROM NET RESULT OF USD 5.8 MILLION AND EARNINGS
PER SHARE OF USD 0.04 IN Q4 2021
    * Q1 VESSEL UTILIZATION FOR QUARTER WAS 100% WITH A NET TCE
OF USD
78,300 PER DAY
    * NET FREIGHT INCOME OF USD 14.1 MILLION IN FIRST QUARTER
2022,
DOWN FROM USD 14.5 MILLION IN FOURTH QUARTER  2021
    * THE TREND FOR LNG SHIPPING LOOKS PROMISING WITH INCREASED
LONG-TERM DEMAND FROM EUROPEAN  COUNTIES, THE EXPECTED RETURN OF
DEMAND FROM ASIA AND WITH FAR LESS NEWBUILDINGS BEING DELIVERED
IN 2022 COMPARED TO 2021

Source text for Eikon:  ID:nObiJP5hpa 
Further company coverage:  ALNG.OL 

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