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GasLog lost $50.2 million on revenue of $182.3 million

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GasLog lost $50.2 million on revenue of $182.3 million

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Monaco-based GasLog reported a fourth-quarter loss of $50.2 million on Thursday, February 6, after reporting a profit in the same period of 2018.

The natural gas carrier said it had a loss of 65 cents per share. Earnings, adjusted for non-recurring costs, came to 14 cents per share, four cents short of the average estimate of three analysts surveyed by Zacks Investment Research.

Revenue of $182.3 million was a little higher than Wall Street forecasts. Three analysts surveyed by Zacks expected $179.3 million.

The loss for the year was $100.7 million, or $1.37 per share. Annual revenue was reported as $668.6 million. The stock has fallen 63 percent in the last 12 months.

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