Globus Maritime: Drops as Q3 revenue slumps

Globus Maritime

07/12/2020 13:17

** Shipping company's  GLBS.O  shares drop 12% to $9.16
premarket
    ** Quarterly rev. slumps nearly 35% to $4.9 mln  urn:newsml:reuters.com:*:nGNXbkYjVK
    ** Co's total comprehensive Q3 loss was $1.3 mln compared to
profit of 198,000 a year earlier
    ** Rates started to slowly pick up in Q3, despite
significant headwinds from COVID-19 pandemic and the ongoing
trade war - GLBS  urn:newsml:reuters.com:*:nGNXbkYjVK
    ** Stock down 89% this year, as of last close

 (Reporting by Shreyasee Raj in Bengaluru)
 ((Shreyasee.Raj@thomsonreuters.com;))