Brief: Awilco LNG Q2 EBITDA Falls To $1.4 Mln

Alng ASA

28/08/2020 06:33

Aug 28 (Reuters) - Awilco LNG ASA  ALNG.OL :
    * Q2 NET FREIGHT INCOME MUSD 4.1 (MUSD 12.9 IN Q1)
    * Q2 EBITDA MUSD 1.4 (MUSD 9.9 IN Q1)
    * DELIVERED TIME CHARTER EQUIVALENT ("TCE") EARNINGS OF USD
22,800
PD PER VESSEL IN Q2 2020 (USD 70,800 PD PER VESSEL IN Q1 2020)
    * NEAR-TERM UNCERTAINTY PERSISTS
    * WITH BOTH VESSELS EMPLOYED IN SPOT AND SHORT-TERM MARKET,
IMPACT
OF CURRENT SITUATION ON CO'S EARNINGS AND FINANCIAL POSITION IS
CHALLENGING TO ASSESS
    * IN LONGER-TERM, TONNAGE DEMAND AND SUPPLY APPEAR BALANCED
GOING
FORWARD

Source text for Eikon:  ID:nObiW9CVxa 
Further company coverage:  ALNG.OL 

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