United Kingdom

Hoegh LNG Holdings Q3 misses forecast due one-off provision

Thursday, 16 Nov 2017 

Nov 16 (Reuters) - Hoegh Lng Holdings Ltd :Hoegh lng q3 ebitda $‍31.6​ million (reuters poll $38.2 million).‍ebitda of usd 31.6 million, or usd 40.6 million adjusted for non-recurring items​.Hoegh lng q3 result after tax $‍1.1​ million.‍profit after tax of usd 1.1 million, or usd 10.8 million adjusted for non-recurring items​.Hoegh lng declares dividend of $‍0.125​ per share (reuters poll $0.125).‍activity in fsru and lngc markets is high​.‍remain confident that we will secure additional long term contracts to supplement our current backlog and fleet employment​.‍we are further pleased to see that strong financial platform of höegh lng is facilitating further diversification of debt and equity funding sources supporting growth of company​.Hoegh lng q3 operating result $20.4‍​ million (reuters poll $27.2 million).Provision made with regards to performance guarantees on neptune and gdf suez cape ann relating to the initial years when they were operated as lng carriers‍​.Confident it will reach its goal of having 12 fsrus in operation or under construction by 2019.Well positioned to take advantage of further growth opportunities‍​. 

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