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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 Q4 operating loss narrows to $0.6 mln

Fri 26th February, 2016 7:00am
Feb 26 (Reuters) - Flex LNG Ltd  FLNG.OL : 
    * Q4 operating loss $617,000 versus loss $865,000 year ago 
    * Q4 net loss $681,000 versus loss $907,000 year ago 
    * Believes working capital raised in 2014 will provide sufficient working capital to operate 
towards the end of 2016 
    * Continues with the construction of its two LNG carriers 
    * Remains on target to start steel cutting in 2016 
    * Will need to raise additional funds prior to delivery, to fund its working capital need 
and the final delivery instalments, due on delivery 
    * Is discussing with Metrogas to amend the current working capital facility, which will 
provide these working capital funds up to delivery 
 
Source text for Eikon:  ID:nObig4m3ta  
Further company coverage:  FLNG.OL  
 
 (Gdynia Newsroom) 
 ((gdynia.newsroom@thomsonreuters.com; +48 58 698 3920;))
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