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GasLog Ltd. Reports Financial Results For The Quarter Ended December 31, 2012

Stocks in this article: GLOG

GasLog Ltd. (“GasLog”) (NYSE: GLOG), an international owner, operator and manager of liquefied natural gas (“LNG”) carriers, today reported its financial results for the quarter ended December 31, 2012.


First quarterly dividend of $0.11 per common share was paid on December 17, 2012 and second quarterly dividend of another $0.11 per common share is payable on March 25, 2013.
Delivery of GasLog Shanghai on January 28, 2013 ahead of schedule.
Contracted 2 LNG newbuildings at Samsung Heavy Industries for delivery in 2016. Vessels chartered out to BG Group for minimum 10 years with charterer’s option to extend the terms of the charter at specified rates.
For the fourth quarter, GasLog reports Revenue of $18.3 million, EBITDA (1) of $8.5 million, Adjusted EBITDA (1) of $7.6 million, Profit of $2.7 million and Adjusted Profit (1) of $1.8 million.
For full year 2012, GasLog reports Revenue of $68.5 million, EBITDA (1) of $27.8 million, Adjusted EBITDA (1) of $34.0 million, Profit of $4.2 million and Adjusted Profit (1) of $10.5 million.
EPS of $0.04 and $0.07 for the fourth quarter of 2012 and the year ended December 31, 2012, respectively and Adjusted EPS (1) of $0.03 and $0.18 for the fourth quarter of 2012 and the year ended December 31, 2012, respectively.

CEO Statement

Mr. Paul Wogan, Chief Executive Officer, stated “We are pleased today to release our fourth quarter 2012 results, which reflect a continued solid performance and 100% utilization of our existing fleet. Following the dividend paid in the fourth quarter, we are today announcing the payment of a dividend of 11 cents per share, to be paid in the first quarter.

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