Avance Gas increases profit and cuts dividends in half
It is no longer a heyday for the major gas segment, but the daily rates are still good enough for Avance Gas to deliver a solid profit for the quarter and double the net profit for 2015 compared to 2014.
BY CHRISTIAN BARTELS
In its annual report, Norwegian carrier Avance Gas noted a doubled profit compared to the previous year. For 2015 the net profit in the unrevised annual report came to 183.2 million, which is more than twice as much as the net profit for 2014 which landed at USD 78.9 million, according to the annual report for 2015 which was released on Tuesday.
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