The Awilco LNG Group (Awilco LNG ASA together with its subsidiaries) today reports unaudited results for the three months ended 31 December 2019.
Highlights for Q4 2019 (Q3 2019):
- Net freight income MUSD 16.3 (MUSD 6.3)
- EBITDA MUSD 13.0 (MUSD 7.4)
- Net profit/(loss) MUSD 4.7 (MUSD (1.1))
Highlights for the year 2019 (2018):
- Net freight income MUSD 33.7 (MUSD 34.8)
- EBITDA MUSD 25.2 (MUSD 22.4)
- Net profit/(loss) MUSD (8.3) (MUSD(11.4))
- Vessel utilisation 72 % (80 %)
Oslo, 28 February 2020
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 currently owns two 2013 built 156,000 cbm TFDE membrane LNG vessels, WilForce and WilPride.