Brief: Exmar Q1 EBITDA (IFRS) Down At $1.3 Million

EXMAR NV

28/04/2022 18:00

April 28 (Reuters) - EXMAR NV  EXMR.BR :
    * FIVE-YEAR CHARTER AGREEMENT OF THE REGASIFICATION BARGE
FSRU
S188 SIGNED WITH GASUNIE
    * REPURCHASE NOK 112.0 MILLION OF THE NOK BOND MATURING IN
MAY
2022
    * FIRM DISCUSSIONS ONGOING FOR THE EMPLOYMENT OF THE
LIQUEFACTION
BARGE TANGO FLNG
    * SALE AND DELIVERY OF THE LPG-CARRIER BRUSSELS AND
AGREEMENT TO
SELL THE LPG-CARRIER EUPEN IN THE THIRD QUARTER
    * Q1 TURNOVER USD 24.3 MILLION VERSUS USD 33.1 MILLION YEAR
AGO
    * VLGC MARKET PROSPECTS FOR THE REMAINDER OF THE YEAR AND
INTO
2023 ARE PROMISING WITH INCREASED PRODUCTION EXPECTED
    * LPG-CARRIER BRUSSELS WAS DELIVERED TO NEW OWNERS IN
JANUARY 2022
    * Q1 EBITDA USD 1.3 MILLION VERSUS USD 3.4 MILLION YEAR AGO
    * PRESSURIZED: THE MARKET CONTINUES THE GRADUAL RECOVERY
AFTER
COVID-19 HIT REFINERY PRODUCTION AND PROSPECTS ARE POSITIVE DUE
TO EXPECTED INCREASED VOLUMES AND LOW NEWBUILD ORDER BOOK
    * Q1 CONSOLIDATED LOSS AFTER TAXATION GROUP SHARE USD 7.7
MILLION
VERSUS LOSS USD 2.2 MILLION YEAR AGO
    * LNG: THE SPOT MARKET IS CHALLENGING DUE TO SHORTER TON
MILE AS A
RESULT OF STRONG EUROPEAN PRODUCT PRICING
    * FOR OUR LNG-CARRIER EXCALIBUR, CURRENTLY UNEMPLOYED, WE
REMAIN
POSITIVE AND ARE WORKING ON VARIOUS TRADING OR INFRASTRUCTURE
POSSIBILITIES

Source text: https://bit.ly/3kmBnNF
Further company coverage:  EXMR.BR 

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