Brief: Klaveness Combination Carriers Q1 EBITDA Down At USD 4.7 Mln

Klaveness Combination Carriers ASA

29/05/2019 06:47

May 29 (Reuters) - Klaveness Combination Carriers ASA
 KCCA.OL :
    * ANNOUNCED DIVIDEND PAYMENT OF USD 1.4 MILLION FOR Q1 2019
AFTER
PAYING DIVIDENDS OF USD 1.4 MILLION FOR Q4 2018
    * Q1 NET REVENUES FROM VESSEL OPERATIONS $13.3 MILLION
VERSUS
$13.3 MILLION YEAR AGO
    * Q1 EBITDA USD 4.7 MILLION VERSUS USD 7.4 MILLION YEAR AGO
    * Q1 AVERAGE TCE EARNINGS FOR COMBINATION CARRIER FLEET
$15,877/DAY COMPARED TO $17,234/DAY IN SAME PERIOD LAST YEAR
    * Q1 NET LOSS $0.8 MILLION VERSUS PROFIT $3.5 MILLION YEAR
AGO
    * THE OUTLOOK FOR THE CABUS FOR 2019 IS POSITIVE WITH CABU
EARNINGS EXPECTED TO SIGNIFICANTLY IMPROVE IN 2ND HALF 2019
    * TC-EQUIVALENT EARNINGS OF THE CABU FLEET IN 2019 IS
EXPECTED TO
END SOMEWHAT HIGHER THAN LAST YEAR’S ABOUT USD 17,400/DAY

Source text for Eikon:  ID:nObik0Wv3a 
Further company coverage:  KCCA.OL 

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