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First Ship Lease Trust Q1 profit dives on loss from disposal of vessels

Published Wed, May 4, 2016 · 09:50 PM

Singapore

FIRST Ship Lease Trust's net profit fell 55.1 per cent to US$2.3 million in the first quarter of 2016 after incurring losses from selling vessels.

The trust, which owns ships and provides leasing services on a long-term bareboat charter basis, reported that earnings fell to 0.36 US cent per share for the three months ended March, from Q1 2015's 0.77 US cent.

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Companies & Markets

Companies & Markets

First Ship Lease Trust Q1 profit dives on loss from disposal of vessels

Companies & Markets

Air China to buy 100 locally made C919 jets in US$11 billion deal

HCA beats first-quarter profit estimates on higher patient admissions

F&B operator YKGI to exclusively operate Chicha San Chen in Macau for next eight years

LMIRT Q1 net property income dips 3.1% to S$30 million on higher expenses

Exxon misses on Q1 profit despite big gains in Guyana

US FDA approves Pfizer’s gene therapy for rare bleeding disorder

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