Flex LNG Q4, 2019 Earnings Release
Hamilton, Bermuda Flex LNG Ltd. (“Flex LNG” or the “Company”) today reports unaudited financial results for the fourth quarter and year ended December 31, 2019. Highlights: · Reported revenues of $52.0 million for the fourth quarter 2019, compared to $29.8 million for the third quarter 2019. · Reported net income of $23.9 million for the fourth quarter 2019, compared to a net income of $0.5 million for the third quarter 2019. · Average Time Charter Equivalent (“TCE”) rate of $94,000 per day for the fourth quarter 2019, compared to $58,222 per day for the third quarter 2019.