Brief: Exmar Q1 IFRS Ebitda Loss Narrows To $1.0 MILLION

EXMAR NV

26/04/2018 18:02

April 26 (Reuters) - Exmar NV  EXMR.BR :
    * CASH FLOW FROM OPERATIONS (EBITDA) AS PER PROPORTIONATE
CONSOLIDATION METHOD FOR THE FIRST QUARTER 2018 IS USD 41.5
MILLION (USD 14.6 MILLION IN THE FIRST QUARTER 2017)
    * Q1IFRS REVENUE $ 22.4 MILLION VERSUS $21.5 MILLION YEAR
AGO
    * Q1 IFRS EBITDA LOSS $1.0 MILLION VERSUS LOSS OF $9.0
MILLION
YEAR AGO
    * Q1 IFRS CONSOLIDATED RESULT AFTER TAXATION (GROUP SHARE) $
21.4 
MILLION VERSUS LOSS OF $4.1 MILLION YEAR AGO
    * Q1 IFRS CONSOLIDATED PROFIT AFTER TAXATION $21.4 MILLION
VERSUS
LOSS OF $4.1 MILLION YEAR AGO
    * SEES CONTINUES TO SECURE EMPLOYMENT BUT AT LOWER RATES
THAN
2017. THE FLEET COVER IS 71% FOR 2018.
    * Q1 VLGC (83,300 M³) TIME-CHARTER EQUIVALENT PER DAY
$15,740 
VERSUS $11,913 YEAR AGO
    * Q1 MIDSIZE (38,115 M³) TIME-CHARTER EQUIVALENT PER DAY
$19,192 
VERSUS $22,592 YEAR AGO
    * Q1 PRESSURIZED (3,500 M³) TIME-CHARTER EQUIVALENT PER DAY
$
6.684 VERSUS $ 5,507 YEAR AGO
    * SAYS  IS WELL POSITIONED WITH TEN PRESSURIZED VESSELS TO
BENEFIT
FURTHER OF SOLID RATES. 86% OF EXMAR’S PRESSURIZED FLEET IS
COVERED FOR 2018
    * Q1 PRESSURIZED (5,000 M³) TIME-CHARTER EQUIVALENT PER DAY
$8,774
VS $6,766 YEAR AGO

Source text: https://bit.ly/2HS9TO7
Further company coverage:  EXMR.BR 

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