Brief: Jinhui Shipping swings to $3 mln net loss for Q4

Jinhui Shipping and Transportation

28/02/2019 05:27

Feb 28 (Reuters) - Jinhui Shipping and Transportation Ltd
 JINS.OL :
    * Q4 REVENUE $18 MILLION VERSUS $21 MILLION YEAR AGO
    * Q4 NET RESULT -$3.1 MILLION VERSUS $2.5 MILLION YEAR AGO
    * JINHUI SHIPPING AND TRANSPORTATION PROPOSES DIVIDEND
$0.023/SHARE FOR YEAR ENDED DEC 31 2018
    * JINHUI SHIPPING AND TRANSPORTATION: AFTER PREVIOUS PAYOUT,
PROPOSED DIVIDEND RAISES OVERALL PAYOUT FOR 2018 TO $0.046/SHARE
    * JINHUI SHIPPING AND TRANSPORTATION: IF UNDERLYING LONG
TERM
DEMAND REMAINS RELATIVELY BOBUST, WE BELIEVE FREIGHT RATE WILL
NORMALISE IN POSITIVE DIRECTION IN 2019

Source text for Eikon:  urn:newsml:reuters.com:*:nHKS4LHNGM
Further company coverage:  JINS.OL 

 (Reporting by Terje Solsvik)
 ((terje.solsvik@thomsonreuters.com;))