Exmar's gas infrastructure business pushed the Belgian company to higher profits for the first quarter.

The Euronext-traded company has disclosed a $16.7m profit for the first three months of 2020, which is a significant improvement from the $11.4m loss posted for the same period last year.

Its floating LNG and offshore businesses — together under Exmar Infrastructure banner since January — earned $12m in Ebit for the first quarter, which is roughly three-quarters of the company's $16.3m