Brief: Songa Bulk Q2 Net Loss Widens To $3.2 Mln

Fjord Defence ASA

03/09/2018 09:23

Sept 3 (Reuters) - SONGA BULK ASA  SBULK.OL :
    * REPORTED ON FRIDAY Q2 NET LOSS $3.2 MILLION VS LOSS
$127,000 YR
AGO
    * SAYS MAIN REASON FOR LOSS IS FINANCIAL EXPENSES IN
CONNECTION
WITH REDEMPTION OF CO'S BOND LOAN AT 104% OF NOMINAL VALUE
    * SAYS BOARD IS IN THE PROCESS OF EVALUATING NEW BUSINESS
AND
STRATEGIES FOR CO FOLLOWING THIRD AND FINAL DISTRIBUTION OF
SHARES
    * SAYS IF NO VIABLE SOLUTION IS FOUND WHICH SUPPORTS
CONTINUOUS
LISTING ON OSLO AXESS, CO WILL BE DISSOLVED AND REMAINING CASH
DISTRIBUTED TO SHAREHOLDERS

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nNDLbZxGWH
    
 Further company coverage:  SBULK.OL  
   


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