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Loan prepayment wipes out FSL Trust's Q1 distributable income

Published Wed, May 3, 2017 · 09:50 PM

Singapore

DISTRIBUTABLE income for First Ship Lease (FSL) Trust slipped into the negative territory despite an increase in first-quarter net profit.

Income available for distribution was a negative US$18.26 million for Q1, a reversal from a positive US$5.44 million for the year-ago period.

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