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FLNGo - FLEX LNG News Story

NOK95.25 3.3  3.6%

Last Trade - 16/04/21

Sector
Energy
Size
Mid Cap
Market Cap £388.6m
Enterprise Value £1.31bn
Revenue £119.3m
Position in Universe 545th / 1827

BRIEF-Flex Q3 Net Income Of $3.8 Million

Tue 17th November, 2020 6:05am
Nov 17 (Reuters) - FLEX LNG Ltd  FLNG.OL :
    * FLEX LNG Q3, 2020 EARNINGS RELEASE
    * REVENUES OF $33.1 MILLION FOR Q3 2020, COMPARED TO $25.8
MILLION
FOR Q2 2020
    * NET INCOME OF $3.8 MILLION AND EARNINGS PER SHARE OF $0.07
FOR
Q3 2020
    * AVERAGE TIME CHARTER EQUIVALENT ("TCE") RATE OF $46,569
PER DAY
FOR Q3 2020
    * ADJUSTED EBITDA OF $21.9 MILLION FOR Q3 2020, COMPARED TO
$17.4
MILLION FOR Q2 2020
    * BOARD OF DIRECTORS HAS DECLARED A CASH DIVIDEND FOR Q3 OF
$0.10
PER SHARE
    * OUR TRADING RESULTS WERE IN LINE WITH Q2 AND OUR GUIDANCE
    * AND WE ARE EXPECTING OUR TCE TO INCREASE TO $70-75,000 PER
DAY
FOR Q4

Source text for Eikon:  ID:nGNE7MWSKK 
Further company coverage:  FLNG.OL 

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