Brief: Nordic Shipholding 9-Months EBITDA Down At $0.7 Million

Nordic Shipholding A/S

21/11/2018 06:22

Nov 21 (Reuters) - Nordic Shipholding A/S  NORDIC.CO :
    * REG-COMPANY ANNOUNCEMENT 9/2018
    * REVISED FORECAST FOR 2018 PREVIOUSLY INDICATED IN H1 2018 INTERIM REPORT
    * RESULT BEFORE TAX FOR 2018 IS EXPECTED TO BE BETWEEN USD -28.0 MILLION - USD -25.0 MILLION
    * RESULT BEFORE TAX FOR 2018 PREVIOUSLY SEEN AT USD -18.0 MILLION - USD -15.0 MILLION
    * EBITDA IN 2018 EXPECTED TO BE BETWEEN USD 1.5 MILLION - USD 4.5 MILLION, UNCHANGED FROM
THAT
INDICATED IN H1 2018 INTERIM REPORT
    * EBITDA FELL TO USD 0.7 MILLION (USD 5.4 MILLION) DUE TO REDUCTION IN TCE REVENUE IN 9M
2018
    * TOTAL TCE REVENUE FELL TO USD 13.4 MILLION (USD 18.0 MILLION) IN 9M 2018
    * CUTS GUIDANCE DUE TO IMPAIRMENT LOSS RECOGNISED IN Q3, LOWER THAN EXPECTED INCOME IN Q3
AND 
LOSS ARISING FROM MODIFICATION OF CERTAIN TERMS UNDER BANK LOAN AND

Source text for Eikon:  ID:nGNE7Yj1LQ 
Further company coverage:  NORDIC.CO 

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