Highlights fourth quarter
- Awilco LNG ASA (Awilco LNG or the Company) reported net freight income of MUSD 7.3 (MUSD 4.4 in Q3 2017) and EBITDA of MUSD 4.2 (MUSD 1.2 in Q3 2017)
- Vessel utilisation of 83 % compared to 88 % in Q3 2017
Highlights for the year 2017
- Full year net freight income of MUSD 13.6 (MUSD 32 in 2016)
- Full year EBITDA of MUSD 1.7 (MUSD 19.8 in 2016)
- Net loss before tax of MUSD 31.8 (MUSD 22.8 in 2016)
- Vessel utilisation of 74 % compared to 79 % in 2016
- Comprehensive refinancing completed; raised MUSD 26.8 in equity and renegotiated financial leases, introducing flexibility, extending maturity and deferring bareboat payments
Oslo, 13 February 2018
For further information please contact:
CFO Øyvind Ryssdal
Phone: +47 47 920 14 029
About Awilco LNG ASA
Awilco LNG is a Norwegian based LNG transportation provider,
owning and operating LNG vessels intended for international
trade. The Company owns two 2013 built 156,000 cbm TFDE
membrane LNG vessels, WilForce and WilPride. Awilco LNG has
an industrial approach and a long-term commitment to the
sector.