Brief: Nordic Shipholding Q3 EBIT swings to loss $5.4 million, FY outlook downgraded

Nordic Shipholding A/S

22/11/2016 06:10

Nov 22 (Reuters) - Nordic Shipholding A/S  NORDIC.CO : 
    * Q3 TCE revenue $5.6 million versus $9.8 million year ago 
    * Q3 EBIT loss $5.4 million versus profit $9.4 million year 
ago  
    * Decided to further revise downwards full year forecast for 
2016 
    * Sees TCE revenue from five product tankers in pools and 
time charter income for Nordic Anne to be of $26.0 million - 
$28.0 million, a reduction from $29.0 million - $31.0 million 
    * 2016 EBITDA is expected to be between $9.0 million - $11.0 
million revised downwards from $12.0 million-$14.0 million 
    * Is expected to make a loss between $7 million to $4 
million for full year 2016 
 
Source text for Eikon:  ID:nCSE6F5Y  
     
Further company coverage:  NORDIC.CO  
 
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