Höegh LNG posts interim results for the quarter ended 30 September 2018
Höegh LNG Holdings Ltd. ("Höegh LNG") reports its financial results for the quarter ended 30 September 2018.
Highlights for the third quarter of 2018:
EBITDA of USD 47.9 million
Profit after tax of USD 6.0 million
Dividend of USD 0.025 per share paid in the third quarter of 2018
Secured commitments for debt financing of FSRU #9 and FSRU #10
Subsequent events
Dividend of USD 0.025 per share declared in the fourth quarter of 2018
Investment in Avenir LNG to pursue small-scale LNG opportunities
Höegh Esperanza commencing FSRU operations in Tianjin, China
Höegh LNG Partners LP secured commitments for refinancing of Höegh Gallant and Höegh Grace
About Höegh LNG:
Höegh LNG operates world-wide with a leading position as owner and operator of floating LNG import terminals; floating storage and regasification units (FSRUs), and is one of the most experienced operators of LNG Carriers (LNGCs). Höegh LNG's vision is to be the industry leader of floating LNG solutions. Its strategy is to develop the business through an extended service offering, with large-scale FSRUs as the main product, and focus on establishing long-term contracts with attractive risk-adjusted returns involving credible counterparts. The company is publicly listed on the Oslo stock exchange under the ticker HLNG, and owns approximately 46% of Höegh LNG Partners LP. Höegh LNG is a Bermuda based company with established presence in Norway, Singapore, the UK, USA, South Korea, Indonesia, Lithuania, Egypt, Colombia and Turkey. The company employs approximately 155 office staff and 525 seafarers.
