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FLNGo - FLEX LNG News Story

NOK99.2 1.4  1.4%

Last Trade - 07/05/21

Sector
Energy
Size
Mid Cap
Market Cap £459.6m
Enterprise Value £1.37bn
Revenue £117.7m
Position in Universe 505th / 1838

BRIEF-FLEX LNG Q1 operating loss down at $360,000

Fri 27th May, 2016 7:01am
May 27 (Reuters) - FLEX LNG Ltd  FLNG.OL : 
    * Q1 operating loss $360,000 versus loss $487,000 year ago 
    * Q1 net loss $420,000 versus loss $549,000 year ago 
    * Is nearing completion of plan approval for two LNG carriers and will commence steel 
cutting in H2 2016 
    * Expects amended loan will cover group's working capital costs until delivery of vessels 
under construction in 2018 
    * Will need to raise additional funds, to fund the final instalments, which are due on 
delivery 
 
Source text for Eikon:  ID:nObiTTT6Qa  
     
Further company coverage:  FLNG.OL  
 
 (Gdynia Newsroom) 
 ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))
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