Brief: D'Amico International Q4 Net Loss Turns To Profit Of USD 4.9 Mln

dAmico International Shipping SA

12/03/2020 11:55

March 12 (Reuters) - D'Amico International Shipping SA
 B7C.MI :
    * Q4 TIME CHARTER EQUIVALENT EARNINGS USD 72.2 MILLION
VERSUS USD
64.2 MILLION YEAR AGO
    * Q4 NET PROFIT USD 4.9 MILLION VERSUS LOSS USD 13.9 MILLION
YEAR
AGO
    * FY TIME CHARTER EQUIVALENT EARNINGS USD 258.3 MILLION
VERSUS USD
244.9 MILLION YEAR AGO
    * FY NET LOSS USD 27.5 MILLION VERSUS LOSS USD 55.1 MILLION
YEAR
AGO
    * PRODUCT TANKER MARKETS SHOULD EVENTUALLY BENEFIT FROM
FISCAL AND
MONETARY STIMULUS THAT SHOULD FOLLOW COVID-19 OUTBREAK
    * HOWEVER, ECONOMIC IMPACTS OF CORONAVIRUS ARE STILL
UNCERTAIN AND
WE MAINTAIN  PRUDENT APPROACH GOING INTO THE Q2 OF YEAR

Source text for Eikon:  ID:nBIA6LhM8V 
Further company coverage:  B7C.MI 

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