UPDATE: GasLog Posts Upbeat Q1 Profit

GasLog Ltd

reported a better-than-expected first-quarter profit. The company projects a drop in profit for the full year. GasLog's quarterly profit dropped to $2.2 million, or $0.06 per share, versus $5.0 million, or $0.13 per share, in the year-ago period. GasLog's revenue climbed 2% to $16.6 million. However, analysts were projecting a profit of $0.03 per share on revenue of $18.5 million. GasLog shares closed at $11.02 yesterday.