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FLNGo - FLEX LNG News Story

NOK103.8 4.5  4.5%

Last Trade - 5:00pm

Sector
Energy
Size
Mid Cap
Market Cap £459.8m
Enterprise Value £1.36bn
Revenue £116.4m
Position in Universe 506th / 1828

BRIEF-Flex LNG Q1 Positive EBITDA Of $2.4 mln

Tue 29th May, 2018 6:30am
May 29 (Reuters) - FLEX LNG Ltd  FLNG.OL :
    * Q1 POSITIVE EBITDA OF $2.4M COMPARED TO A NEGATIVE EBITDA OF $2.4M IN Q1 2017.
    * Q1 REPORTED REVENUES OF $15.1M COMPARED TO $1.3M IN Q1 2017.
    * JONATHAN COOK, CHIEF EXECUTIVE OFFICER OF FLEX LNG MANAGEMENT LTD, DECIDED ON 28 MAY 2018
TO
RESIGN HIS POSITION
    * DECIDED TO APPOINT BOARD MEMBER MARIUS HERMANSEN AS INTERIM CEO
    * Q1 NET LOSS OF $ 1.8M COMPARED TO A NET LOSS IN Q1 2017 OF $ 1.0M
    * ON MAY 28 ENTERED INTO AGREEMENT TO ACQUIRE TWO X-DF LNGC NEWBUILDINGS UNDER CONSTRUCTION
AT HHI
FOR $ 184M EACH VESSEL

Source text for Eikon:  ID:nObi6zfMQa 
Further company coverage:  FLNG.OL 

 (Gdynia Newsroom)
 ((Gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))
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