Brief: MPC Container Ships Q1 EBITDA Up At USD 7.5 Million

Mpc Container Ships ASA

27/05/2020 07:04

May 27 (Reuters) - MPC Container Ships ASA  MPCC.OL :
    * MPC CONTAINER SHIPS ASA REPORTS Q1 AND THREE-MONTH 2020
RESULTS
    * Q1 2020 OPERATING REVENUE USD 46.0 MILLION
    * Q1 2020 EBITDA USD 7.5 MILLION
    * Q1 2020 NET LOSS USD 10.7 MILLION
    * EQUITY RATIO 56.6% AS OF 31 MARCH 2020
    * Q1 TOTAL REVENUE WAS USD 46.0 MILLION IN Q1 2020 (Q4 2019:
USD
44.2 MILLION)
    * Q1 EBITDA WAS USD 7.5 MILLION IN Q1 2020 (Q4 2019: USD 4.8
MILLION)
    * AVERAGE TIME CHARTER EQUIVALENT ("TCE") WAS USD 8,969 PER
DAY IN
Q1 2020 (Q4 2019: USD 8,505 PER DAY)
    * FOLLOWING OUTBREAK OF COVID-19, GROUP IS EXPERIENCING
SIGNIFICANTLY REDUCED CHARTER RATES AND UTILIZATION OF ITS FLEET
DUE TO LOWER CONTAINERIZED FREIGHT VOLUMES GLOBALLY

Source text for Eikon:  ID:nWkr2zmDmR 
Further company coverage:  MPCC.OL 

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