Golar Lng Partners Lp (GMLP) has reported 40.62 percent jump in profit for the quarter ended Mar. 31, 2017. The company has earned $23.55 million in the quarter, compared with $16.75 million for the same period last year.
Revenue during the quarter went up marginally by 0.32 percent to $101.38 million from $101.06 million in the previous year period. Total expenses were 45.83 percent of quarterly revenues, up from 44.50 percent for the same period last year. That has resulted in a contraction of 133 basis points in operating margin to 54.17 percent.
Operating income for the quarter was $54.92 million, compared with $56.09 million in the previous year period.
Operating cash flow improvesGolar Lng Partners Lp has generated cash of $77.98 million from operating activities during the quarter, up 13.67 percent or $9.38 million, when compared with the last year period. Cash flow from financing activities was $23.22 million for the quarter as against cash outgo of $23.76 million in the last year period.
Cash and cash equivalents stood at stood at $166.91 million as at Mar. 31, 2017.
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