Q1 Earnings Per Share 0.14 USD

Golden Ocean

20/05/2021 09:46

(Repeats to add missing company identifier, no changes to text)
    May 20 (Reuters) - Golden Ocean Group Ltd  GOGL.O :
    * Q1 NET PROFIT 23.6 MILLION USD
    * Q1 EARNINGS PER SHARE 0.14 USD
    * NET INCOME OF $23.6 MILLION AND EARNINGS PER SHARE OF $0.14 FOR Q1 OF 2021
    * ADJUSTED EBITDA OF $54.6 MILLION FOR Q1 OF 2021, COMPARED WITH $59.3 MILLION FOR Q4 OF
2020
    * REPORTED TCE RATES FOR CAPESIZE AND PANAMAX/ULTRAMAX VESSELS OF $16,611 PER DAY AND
$14,777 PER
DAY, RESPECTIVELY, IN Q1 OF 2021
    * ESTIMATED TCE RATES FOR Q2 OF 2021, INCLUSIVE OF CHARTER COVERAGE AND CALCULATED ON A
LOAD-TO-DISCHARGE BASIS, ARE: * ABOUT $29,000 PER DAY CONTRACTED FOR 64% OF AVAILABLE DAYS FOR
CAPESIZE VESSELS
    * ESTIMATED TCE RATES FOR Q2 OF 2021, INCLUSIVE OF CHARTER COVERAGE AND CALCULATED ON A
LOAD-TO-DISCHARGE BASIS, ARE: ABOUT $18,800 PER DAY CONTRACTED FOR 84% OF AVAILABLE DAYS FOR
PANAMAX VESSELS
    * WE EXPECT SPOT TCES FOR FULL Q2 OF 2021 TO BE LOWER THAN TCES CURRENTLY CONTRACTED, DUE TO
IMPACT OF BALLAST DAYS AT END OF Q2 OF 2021 AS WELL AS FLUCTUATIONS IN FREIGHT RATES

Source text for Eikon:  ID:nGNE6dbr7T 
Further company coverage:  GOGL.O 

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