Brief: Nordic Shipholding Q2 EBIT swings to profit, 2015 outlook revised upwards

Nordic Shipholding A/S

26/08/2015 06:34

Aug 26 (Reuters) - Nordic Shipholding A/S  NORDIC.CO : 
    * Q2 TCE revenue $7.7 million versus $5.4 million year ago 
    * Q2 EBIT profit $2.0 million versus loss $1.5 million year ago 
    * Group expects 2015 EBITDA to be in range of $15.0 million - $18.0 million 
    * In 2015 result before tax is expected to be between $5.0 million - $8.0 million, revised 
upwards from $3.0 million - $6.0 million 
    * For 2015 expects TCE revenue from 5 product tankers in pool and time-charter income from 
Nordic Anne to be of $31.0 million - $34.0 million, increase from $29.0 million - $32.0 million 
    * Cash flows is expected to be between $9.0 million - $12.0 million in 2015, after repaying 
the regular loan amortisation of $4.0 million 
    * In view of upward revision in overall performance for 2015, an excess cash of between $2.5 
million to $5.5 million is forecasted to be used to further pay down loan in H2 2015 
 
     
Source text for Eikon:  ID:nCSE5Ysb  
     
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