FSL Trust posts $11m net profit in 2024
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FSL Trust reported a net profit of $11.2 million for the full year 2024, up from $5 million in 2023. The second half of 2024 saw a net profit of $9.3 million, compared to $2.6 million in the same period last year. Adjusted EBITDA for the year was $8.8 million. The trust has contracted future revenue of $22.3 million from its seven vessels. Chairman Stathis Topouzoglou noted that vessel prices remain firm but may soften.
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