Brief: Nordic Shipholding Q2 EBITDA $163,000

Nordic Shipholding A/S

22/08/2018 06:48

Aug 22 (Reuters) - Nordic Shipholding A/S  NORDIC.CO :
    * REG-COMPANY ANNOUNCEMENT 7/2018
    * Q2 TCE REVENUE $4.3 MILLION VERSUS $5.9 MILLION YEAR AGO
    * RELATIVELY WEAK TANKER MARKET IS EXPECTED TO CONTINUE INTO Q3 2018
    * Q2 EBITDA $163,000 VERSUS $1.8 MILLION YEAR AGO
    * THERE IS A RISK THAT THE GROUP MAY BREACH CERTAIN OF ITS LOAN COVENANTS AS AT 30 SEPTEMBER
    * SAYS RELATIVELY WEAK TANKER MARKET IS EXPECTED TO CONTINUE INTO Q3 2018
    * INCREASED LIQUIDITY MEASURES  ARE EXPECTED TO BE IN PLACE BEFORE THE END OF Q4 2018,
    * EBITDA IS EXPECTED TO BE IN RANGE OF USD 1.5 MILLION - USD 4.5 MILLION, A REDUCTION FROM
USD 4.0
MILLION - USD 7.0 MILLION
    * SAYS RELATIVELY WEAK TANKER MARKET IS EXPECTED TO CONTINUE INTO Q3 2018
    * NORDIC SHIPHOLDING - 2018 EBITDA IS EXPECTED TO BE IN RANGE OF USD 1.5 MILLION – USD 4.5
MILLION, A REDUCTION FROM USD 4.0 MILLION – USD 7.0 MILLION
    * 2018 RESULT BEFORE TAX IS EXPECTED TO BE BETWEEN USD -18.0 MILLION - USD -15.0 MILLION,
DECREASED FROM USD -6.5 MILLION - USD -4.5 MILLION

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

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