Flex LNG books higher Q1 profit on thriving LNG market

Flex LNG comes out of the first quarter with black bottom-line figures. Results are a bit below expectations, though, according to DNB Markets.

Photo: Flex LNG

Liquefied natural gas (LNG) carrier Flex LNG reports black numbers on the bottom line and a higher net income for the first quarter compared to the same period last year. However, the result is lower than expected and is linked to spot charters, according to DNB Markets.

The quarter ended with a net income of USD 55.8m compared to USD 47.2m for the same period last year.

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