Brief: Nordic Shipholding 9-month EBITDA down at $5.4 mln

Nordic Shipholding A/S

22/11/2017 05:53

Nov 22 (Reuters) - NORDIC SHIPHOLDING A/S  NORDIC.CO : 
    * BOARD HAS REVISED DOWNWARDS OUTLOOK FOR 2017 AGAINST 
GUIDANCE 
INDICATED IN INTERIM REPORT H1 2017 
    * 2017 EBITDA EXPECTED TO BE IN RANGE OF USD 5.0 MILLION - 
USD 
8.0 MILLION, A REDUCTION FROM USD 6.0 MILLION - USD 9.0 MILLION 
    * NORDIC SHIPHOLDING A/S - 2017 RESULT BEFORE TAX IS 
EXPECTED TO 
BE BETWEEN USD -4.5 MILLION - USD -2.5 MILLION, DECREASED FROM 
USD -3.5 MILLION - USD -1.5 MILLION 
    * BOARD WILL LOOK AT GROWTH AND CONSOLIDATION OPPORTUNITIES 
THAT 
ARE ACCRETIVE TO COMPANY 
    * 9-MONTH TCE REVENUE $18.0 MILLION VERSUS $22.0 MILLION 
YEAR 
AGO 
    * 9-MONTH EBITDA $5.4 MILLION VERSUS $9.2 MILLION YEAR AGO 
 
Source text for Eikon:  ID:nCSE7f09  
Further company coverage:  NORDIC.CO  
 
 (Gdynia Newsroom) 
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