Brief: Jinhui Shipping and Transportation Q1 Net Results Swings To Loss Of $18.4 Mln

Jinhui Shipping and Transportation

29/05/2020 08:04

May 29 (Reuters) - Jinhui Shipping and Transportation Ltd
 JINS.OL :
    * Q1 REVENUE $9.2 MLN VS $12.8 MLN YR AGO
    * Q1 CONSOLIDATED NET LOSS $18.4 MLN VS PROFIT $2.0 MLN YR
AGO
    * COVID-19 PANDEMIC MUCH REDUCED DEMAND FOR DRY BULK
COMMODITIES
INCLUDING IRON ORE, COAL AND CERTAIN MINOR BULK CARGOES AND
IMPACTED SENTIMENT IN DRY BULK SHIPPING MARKET
    * POOR BUSINESS SENTIMENT DUE TO PANDEMIC LEAD TO A
REDUCTION IN
CHARTERING FREIGHT AND HIRE REVENUE AND DECREASE IN FLEET
UTILIZATION RATE

    
    
 Source text for Eikon:  urn:newsml:reuters.com:*:nObi99lDTa
 Further company coverage:  JINS.OL  
   


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