Brief: Nordic Shipholding FY EBIT swings to loss $1.4 million

Nordic Shipholding A/S

31/03/2017 06:25

March 31 (Reuters) - NORDIC SHIPHOLDING A/S  NORDIC.CO  
    * NET LOSS AFTER TAX OF USD 4.8 MILLION IN 2016 
    * GENERATED A MODEST PROFIT OF USD 0.3 MILLION FOR 2016 (2015: USD 7.8 MILLION) 
    * IS FORECASTING TO BREAKEVEN OR TO POST A MODEST 2017 PROFIT (NOT TAKING INTO ACCOUNT ANY 
REVERSAL OR WRITE-DOWN OF IMPAIRMENT) 
    * 2017 RESULT BEFORE TAX IS EXPECTED TO BE BETWEEN USD -1.0 - USD 1.0 MILLION 
    * GROUP EXPECTS 2017 EBITDA (EARNINGS BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION) 
TO BE IN RANGE OF USD 8.0 - USD 11.0 MILLION 
    * FY TCE REVENUE $ 27.7 MILLION VERSUS $35.1 MILLION YEAR AGO 
    * FY EBIT LOSS $ 1.4 MILLION VERSUS PROFIT $17.3 MILLION YEAR AGO 
 
Source text for Eikon:  ID:nCSE6QPn  
Further company coverage:  NORDIC.CO  
 
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