Lysaker, 8 November 2016, American Shipping Company ASA announces results for the third quarter ending 30 September 2016
Highlights:
- Stable Q3 bareboat revenue of MUSD 22.1 and backlog of secured bareboat revenue of MUSD 336 with average weighted tenor of 3.8 years
- Normalized EBITDA for Q3 of MUSD 23.7
- Q3 profit share of MUSD 1.4 attributed to AMSC, which reduces the profit share credit
- Q3 adjusted net profit of MUSD 3.0
- Declared Q3 dividend of USD 0.124 per share, in line with previous guidance for full year 2016 dividends
The full report is attached, along with the Q3 presentation.
Company contacts:
Pål Magnussen, Chief Executive Officer
+47 24 13 00 04
Morten Bakke, Chief Financial Officer
+47 24 13 00 87
Leigh Jaros, Business Controller / Finance Manager
+1 484 880 3741
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
