Exmar reported a 2016 profit that was triple the level seen a year earlier.

But much of the gains stemmed from one-time items, including a non-cash benefit from its acquisition of the remaining share of a joint venture with Wah Kwong and a cancellation fee from its floating liquefied natural gas (FLNG) venture off Colombia.

The Euronext-listed company said its consolidated result was $35.8m,