First Ship Lease Trust Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2012; Omits to Pay Dividend
For the year, the company's revenue was $106,107,000 against $110,714,000 for the same period a year ago. Income from operating activities was $19,280,000 against $3,404,000 for the same period a year ago. Loss before income tax was $8,378,000 against $17,066,000 for the same period a year ago. Loss was $8,387,000 or 1.28 cents per basic and diluted share against $17,066,000 or 2.72 cents per basic and diluted share for the same period a year ago. Cash flows from operating activities were $78,664,000 against $92,619,000 for the same period a year ago. Net asset value per unit was $0.48 compared to $0.50 as at December 31, 2011. Net asset value per unit of trust was $0.30 compared to $0.34 as at December 31, 2011.
The company did not declare any dividend compared 0.10 cents per share paid a year ago.