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Hoegh LNG Q3 Profits Disappoints

Maritime Activity Reports, Inc.

November 30, 2015

Oslo-listed Hoegh LNG, whose floating plants turn liquefied natural gas (LNG) into gas, reported on Monday third-quarter earnings below forecasts and offered a dividend of $0.10 as expected.

Its earnings before interest, tax, depreciation and amortisation (EBITDA) swung to a profit of $26.5 million from a loss of $4 million at the same time a year ago, below expectations for $30 million in a Reuters poll of analysts.


Reporting by Gwladys Fouche

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