Brief: Nordic Shipholding Says EBITDA Increased TO USD 13.0 Mln in H1 2020

Nordic Shipholding A/S

29/08/2020 06:03

Aug 29 (Reuters) - Nordic Shipholding A/S  NORDIC.CO :
    * REG-COMPANY ANNOUNCEMENT 08/2020
    * NORDIC SHIPHOLDING A/S - FOR 6 MONTHS ENDED 30 JUNE 2020,
GROUP
GENERATED A PROFIT AFTER TAX OF USD 5.7 MILLION (LOSS OF USD 1.3
MILLION)
    * NORDIC SHIPHOLDING A/S - TCE REVENUE ROSE 59.8% TO USD
19.4
MILLION (USD 12.2 MILLION) IN H1 2020
    * NORDIC SHIPHOLDING A/S - EBITDA INCREASED SIGNIFICANTLY TO
USD
13.0 MILLION (USD 4.3 MILLION) AS A RESULT OF IMPROVED TCE
REVENUE IN H1 2020
    * NORDIC SHIPHOLDING -GROUP RECOGNISED AN IMPAIRMENT LOSS OF
USD
2.0 MILLION IN H1 2020 FOLLOWING RECLASSIFICATION OF NORDIC
HANNE AS AN ASSET HELD-FOR-SALE
    * NORDIC SHIPHOLDING A/S - COMPANY CONTINUES TO PURSUE
GROWTH AND
POTENTIAL CONSOLIDATION OPPORTUNITIES THAT ARE ACCRETIVE TO
COMPANY

Source text for Eikon:  ID:nGNE1Z3VkK 
Further company coverage:  NORDIC.CO 

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