|•||Continued strong fundamentals for the LNG industry.|
|•||For the second quarter, GasLog reports Adjusted EBITDA (1) of $8.4 million, Adjusted Profit (1) of $2.6 million and Loss of $3.6 million.|
|•||Adjusted earnings per share ("EPS") (1) of $0.04 and loss per share of $(0.06) for the second quarter of 2012.|
|•||GasLog remains on track to pay a dividend of $0.11 per share in Q4 2012.|
|•||100% utilization of GasLog Savannah and GasLog Singapore during the second quarter of 2012.|
|•||The eight LNG newbuildings are on schedule and within budget.|
|•||Adjustments for the period include a $5.3 million non-cash loss on interest rate swaps, and $0.8 million foreign exchange differences that are mainly unrealized. These economic hedging transactions were done at levels better than long-term budget forecast.|
|•||GasLog continued its policy of reducing risk to its long-term business model. 62% of the floating interest rate exposure has been hedged at a weighted average interest rate of approximately 4.3% (including margin) as of June 30, 2012.|
GasLog Ltd. Reports Financial Results For The Quarter Ended June 30, 2012
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