Brief: Nordic Shipholding FY Loss After Tax Narrows To $3.9 Mln

Nordic Shipholding A/S

24/03/2020 07:19

March 24 (Reuters) - NORDIC SHIPHOLDING A/S  NORDIC.CO :
    * REG-COMPANY ANNOUNCEMENT 1/2020
    * ACTUAL FINANCIAL PERFORMANCE FOR 2019 WAS IN LINE WITH
REVISED
EXPECTATIONS OF BOARD
    * CO EXPECTING A CASH SWEEP OF APPROXIMATELY $3.3 MILLION AT
THE
END OF Q1 2020
    * A FORECAST WILL BE PROVIDED WHEN THERE IS MORE CERTAINTY
    * GROUP INCURRED A LOSS AFTER TAX OF $3.9 MLN IN 2019 VS
LOSS
AFTER TAX OF $23.8 MILLION IN 2018
    * GROUP FOR TIME BEING, IS UNABLE TO PROVIDE A FORECAST FOR
2020
    * CO'S PERFORMANCE WILL BE IMPAIRED BY DROP IN OIL PRICE AND
COVID-19 SITUATION

    
    
 Source text for Eikon:  urn:newsml:reuters.com:*:nGNEpnhNh
    
 Further company coverage:  NORDIC.CO  
   


 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10))