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FSL Trust reverses from net loss to report 3QFY2022 net profit of US$5.4 mil

Khairani Afifi Noordin
Khairani Afifi Noordin11/3/2022 07:45 PM GMT+08  • 2 min read
FSL Trust reverses from net loss to report 3QFY2022 net profit of US$5.4 mil
The trust has contracted future revenue of up to US$30 million.
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The trustee-manager of First Ship Lease Trust (FSL Trust) has announced a net profit of US$5.4 million ($7.69 million) for its 3QFY2022 ended September, reversing from the net loss of US$2.5 million in the previous corresponding quarter.

This includes a net gain from the sale of the chemical tanker FSL London of US$2 million.

For 9MFY2022, the trust reported a net profit of US$7.7 million, compared to a net loss of US$1.6 million in the corresponding period last year.

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