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FSL Trust declares DPU of 2 US cents in 1Q21

Felicia Tan
Felicia Tan4/24/2021 01:23 AM GMT+08  • 4 min read
FSL Trust declares DPU of 2 US cents in 1Q21
Shares in FSL Trust closed 0.1 cent higher or 1.1% up at 9 cents on April 23.
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The manager of First Ship Lease Trust (FSL Trust) has declared distribution per unit (DPU) of 2 US cents (2.65 cents) for the 1QFY2021 ended March, 33.3% higher than DPU of 1.50 US cents in the year before.

Profit for the quarter plunged 95% y-o-y at US$336,000, reflecting reduced earnings following a decline in freight rates for the tankers operating in pools, the maturity of the charters for three containerships in 2020 and the lower number of vessels in the fleet of FSL Trust compared to the year before.

Earnings per unit in the 1QFY2021 stood at 0.02 US cents, from 0.38 US cents in the year before.

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