Brief: Nordic Shipholding FY EBIT Loss Narrows To $180,000

Nordic Shipholding A/S

28/03/2018 07:35

March 28 (Reuters) - NORDIC SHIPHOLDING A/S  NORDIC.CO :
    * REG-COMPANY ANNOUNCEMENT 3/2018
    * ‍INCURRED A NET LOSS AFTER TAX OF USD 3.6 MILLION (2016:
USD 4.8
MILLION AFTER ACCOUNTING FOR AN IMPAIRMENT OF USD 5.1 MILLION)
IN 2017​
    * NET LOSS AFTER TAX OF $3.6 MILLION (2016: $4.8 MILLION
AFTER
ACCOUNTING FOR AN IMPAIRMENT OF $5.1 MILLION) IN 2017​
    * ‍GROUP IS FORECASTING A MINOR LOSS IN 2018 (NOT TAKING
INTO
ACCOUNT ANY REVERSAL OR WRITE-DOWN OF IMPAIRMENT).​
    * 2018 RESULT BEFORE TAX IS EXPECTED TO BE BETWEEN USD -3.5
MILLION - USD -1.5 MILLION
    * FY TCE REVENUE $23.2 MILLION VERSUS $27.7 MILLION YEAR AGO
    * NO DIVIDEND WILL BE DISTRIBUTED FOR THE FINANCIAL YEAR
2017
    * FY EBIT LOSS $180,000 VERSUS LOSS $1.4 MILLION YEAR AGO
    * DOES NOT EXPECT TO DISTRIBUTE ANY DIVIDEND FOR THE
FINANCIAL
YEAR 2018
    * FY EBIT LOSS $‍​180,000 VERSUS LOSS $1.4 MILLION YEAR AGO

Source text for Eikon:  ID:nGNE2K13Gl 
Further company coverage:  NORDIC.CO 

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