Brief: Exmar End-Sept IFRS EBITDA Up At $326.1 Mln

EXMAR NV

28/10/2022 10:47

Oct 28 (Reuters) - EXMAR NV  EXMR.BR :
    * ANNOUNCED ON THURSDAY Q3 RESULTS
    * CLOSING OF SALE OF FLOATING LIQUEFACTION BARGE TANGO FLNG
TO ENI
    * 10-YEAR CHARTER AGREEMENT SIGNED WITH ENI FOR EXCALIBUR,
NOW
OWNED FOR 100%
    * AFTER RECEIPT OF PROCEEDS OF THE SALE OF THE TANGO FLNG
END OF
AUGUST 2022, EXMAR IS NOW NET DEBT FREE 
    * PROCEEDS OF SALE OF TANGO FLNG WERE PARTIALLY USED TO
REPAY
OUTSTANDING LOAN TOWARDS BANK OF CHINA AND TRIGGERED THE
REPAYMENT AND TERMINATION OF THE SEQUOIA CREDIT FACILITY 
    * START OF CHARTER INCOME AS FROM AUGUST 16, 2022 FROM FSRU
EEMSHAVEN LNG 
    * ORDER OF TWO ENLARGED 46,000 M3 MIDSIZE LPG/AMMONIA
CARRIERS
WITH DUAL FUEL LPG PROPULSION 
    * OPTION FOR TWO MORE VESSELS WITH POSSIBILITY TO HAVE THEM
AMMONIA FUELED 
    * END-SEPT IFRS REVENUE $95.6 MLN VS $136.1 MLN YR AGO
    * END-SEPT IFRS EBITDA $326.1 MLN VS $53.6 MLN YR AGO
    * END-SEPT IFRS RESULT FOR PERIOD GROUP SHARE $317.4 MLN VS
$21.9
MLN YR AGO
    * TO DECIDE ON THE DISTRIBUTION OF INTERMEDIARY DIVIDEND OF
GROSS
0.95 EURO PER SHARE

        
 Source text for Eikon:  ID:nNDL2YCm94 
 Further company coverage:  EXMR.BR ;  ENI.MI 
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