GasLog Posts Q2 Profit - Quick Facts

(RTTNews) - GasLog Ltd. (GLOG) reported that its second-quarter net income was $20.43 million or $0.32 per share, compared to a loss of $3.55 million or $0.06 per share in the same quarter last year.

Adjusted Profit, after excluding the effects of the unrealized gain or loss on swaps and foreign exchange gains or losses, for the quarter was $7.1 million, up from $2.6 million in the prior year quarter. Adjusted earnings per share improved to $0.11 from $0.04 in the prior year. Analysts polled by Thomson Reuters expected the company to report earnings of $0.12 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues for the quarter grew to $32.95 million from $16.71 million in the prior year quarter. Nine analysts had consensus revenue estimate of $32.59 million for the quarter.

The company declared a quarterly cash dividend of $0.11 per common share payable on September 13, 2013 to all stockholders of record as of August 30, 2013.