Feb 12, 2025 / 01:00PM GMT
Oystein Kalleklev - Avance Gas Holding Ltd - Chief Executive Officer, Director
Okay, Thank you, everybody for joining, and this is Avance Gas's fourth quarter sales presentation, where we also cover the recent events, the market, and of course the full year 2024 numbers. Today I am joined as usual by our CFO Randi who will, go through the numbers in a bit more detail later in the presentation before I do a market section and the Q&A session.
So before we begin, I just want to highlight our disclaimer. We will provide some non-gap measure like time travel equivalent earnings, which is the best proxy for average rates obtained on the ships. And of course, there are limits to the completeness of the detail we can provide. So, I also recommend you to read the earnings report, which we also distributed this morning. So let's kick off with the the highlights.
Q4, maybe not too surprisingly it was a very profitable quarter for us as we closed the sale of the 12 VLZ seats to BW in that $1 billion dollar transaction. Hence, we booked substantial gains on that transaction and ended up with net
Q4 2024 Avance Gas Holding Ltd Earnings Call Transcript
Feb 12, 2025
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