The Awilco LNG Group (Awilco LNG ASA together with its subsidiaries) today reports unaudited results for the three months ended 31 December 2018.
Highlights for Q4 2018 (Q3 2018):
- Net freight income of MUSD 10.4 (MUSD 7.4)
- EBITDA of MUSD 7.1 (MUSD 3.8)
- Net profit/(loss) of MUSD (1.2) (MUSD 4.8)
- Vessel utilisation of 84 % (70 %)
Highlights for the year 2018 (2017):
- Net freight income of MUSD 34.8 (MUSD 13.6)
- EBITDA of MUSD 22.4 (MUSD 1.7)
- Net profit/(loss)of MUSD (11.4) (MUSD 31.8)
- Vessel utilisation of 80 % (74 %)
Oslo, 28 February 2019
For further information please contact:
CFO Øyvind Ryssdal
Phone: +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.