Hoegh LNG Q3 Profits Disappoints

Oslo-listed Hoegh LNG, whose floating plants turn liquefied natural gas (LNG) into gas, reported on Monday third-quarter earnings below forecasts and offered a dividend of $0.10 as expected.

Its earnings before interest, tax, depreciation and amortisation (EBITDA) swung to a profit of $26.5 million from a loss of $4 million at the same time a year ago, below expectations for $30 million in a Reuters poll of analysts.

Reporting by Gwladys Fouche