Höegh LNG reports a profit after tax of minus $ 32.99 million in Q4 2015, compared with minus $ 59.26 million in the same period last year. According to TDN Finans was expecting a loss of NOK 32 million US dollars.
Earnings per share were minus $ 0.50, compared with minus $ 0.95 at the same crossroads last year. There were expecting a profit of minus $ 0.48 per share.
The result before tax was a loss of 32.00 million, compared to negative $ 57.91 million the previous year. Average expectations of analysts indicated a profit before tax of minus $ 31 million.
The operating result was minus $ 19.31 million, against a loss of $ 47.28 million the previous year. Here analysts had expected a loss of NOK 18 million dollars.
Total revenues amounted to $ 58,670,000, compared with $ 40.75 million in Q4 2014. Analysts forventningr was here on 57 million dollars.
Höegh also reports that they have now received commitments for bank financing of $ 223 million for FSRU number 7, which is scheduled for delivery by the end of the first quarter of 2017.
the financing is claimed TDN Finans available for 65 percent of delivery cost of fifteen years amortization, increased to 75 percent and twenty years by entering into a long contract.
the structure has a term of five years after delivery and flexibility to be dropped down to Höegh LNG Partners with FSRUen. The interest rate may be “swapped” and is expected to be set at 3.8 percent. Finance No one is conditional upon final documentation.
In the interim, there are reports also that Höegh LNG now pursuing three FSRU projects, which have been waiting boot that fits delivery of FSRU number seven in the first quarter of 2017.
in addition pursues company more FSRU projects for growth beyond the company’s existing newbuilding program, which is in line with the company’s options with shipyards.
Here is the report and the presentation.
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