GasLog Q4 Profit Soars, Tops View; Declares Dividend - Quick Facts

(RTTNews) - GasLog Ltd. (GLOG), an operator of liquefied natural gas carriers, Friday reported that its fourth-quarter profit surged to $21.44 million from last year's $2.7 million. Earnings per share climbed to $0.34 from $0.04 a year ago.

Adjusted profit, which excluded the effects of the unrealized items on swaps and foreign exchange gains, was $17.4 million or $0.28 per share, higher than prior year's $1.8 million or $0.03 per share.

On average, 12 analysts polled by Thomson Reuters expected earnings of $0.25 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues were $59.34 million, higher than $18.30 million a year ago. Analysts expected revenues of $53.05 million. The increase is mainly attributable to the delivery of the six ships.

Further, the company said its Board of Directors on Thursday declared a quarterly cash dividend of $0.12 per share, payable on March 25 to shareholders of record as of March 10.