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.
