Exmar income at USD 51.7 million

Exmar first semester income at USD 51.7 million

Exmar reported preliminary unaudited results for the first semester 2014, posting a $51.7 million consolidated income.

The Group had a consolidated result after tax for the first semester of 2014 of $51.7 million. The result of the Group has been positively influenced by the capital gain realized on the sale of older LPG tonnage (approximately $24.5 million for the first semester of 2014) and the capital gain realized on the sale of real estate (approximately$1.5 million).

The Group also recorded for the first 6 months of 2014 a non–cash unrealised profit of $2.2 million on the change in fair value of its derivative instruments ($21.9 million in the first half of 2013).

The LNG fleet recorded an operational result (EBIT) of $18.5 million during the first six months of the year.

The company has previously successfully raised a NOK 700 million unsecured bond end of June. The amount has been swapped to $114 million at an all-in rate of 5.72%. The proceeds of the bond will be used for the development of new LNG and Offshore infrastructure projects in the coming months.

 

Press Release, August 1, 2014; Image: Exmar

 

 

Share this article

Follow LNG World News

2 thoughts on “Exmar income at USD 51.7 million”

  1. Pingback: trevor

Comments are closed.

Events>

<< Apr 2020 >>
MTWTFSS
30 31 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 1 2 3

Flame 2020

Flame is Europe’s largest and most influential meeting place for the global gas industry.

read more >

4th PNG Petroleum & Energy Summit

The CWC Group, in partnership with Kumul Petroleum Holdings Ltd.

read more >

FSRU World Congress 2020

FSRU World Congress 2020 will therefore focus on further Commercialising FSRUs through LNG-to-Power…

read more >

CWC World LNG & Gas Series: 12th Asia Pacific Summit

The 2020 Summit will offer an unrivaled programme covering relevant and significant discussion topics…

read more >