FLEX LNG logo

FLNGo - FLEX LNG News Story

NOK96.95 -6.1  -5.9%

Last Trade - 12/05/21

Sector
Energy
Size
Mid Cap
Market Cap £450.4m
Enterprise Value £1.36bn
Revenue £117.0m
Position in Universe 505th / 1830

BRIEF-Flex LNG Q1 Operating Income At $3.0 Million

Fri 31st May, 2019 6:59am
May 31 (Reuters) - FLEX LNG Ltd  FLNG.OL :
    * Q1 REVENUES $19.1 MILLION, COMPARED TO $36.1 MILLION FOR
Q4 2018
    * Q1 OPERATING INCOME $3.0 MILLION, COMPARED TO $21.5
MILLION IN
Q4 2018
    * Q1 NET LOSS $3.4 MILLION, COMPARED TO NET INCOME OF $15.2
MILLION FOR Q4 2018
    * "US LISTING WILL GIVE US ACCESS TO LARGER AND DEEPER
CAPITAL
MARKET" -CEO
    * SAYS OUTLOOK FOR LNG SHIPPING DEMAND, ALBEIT SHOWING SLOW
GROWTH
IN THE FIRST QUARTER 2019, REMAINS SOUND
    * SAYS LONG TERM PROJECTIONS FOR INDUSTRY ARE WELL
SUPPORTED, AND
FLEX LNG IS VERY WELL POSITIONED TO CAPITALIZE ON GLOBAL SHIFT
FOR CLEANER ENERGY

    
 Source text for Eikon:  ID:nObiqHZ5za    
 Further company coverage:  FLNG.OL  
   


 (Gdynia Newsroom)
 ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920))
© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.