Brief: Nordic Shipholding Updates On 2020 Outlook

Nordic Shipholding A/S

20/11/2020 11:00

Nov 20 (Reuters) - Nordic Shipholding A/S  NORDIC.CO :
    * REG-COMPANY ANNOUNCEMENT 9/2020
    * MARKET SOFTENED SIGNIFICANTLY GOING INTO 2H 2020.
    * NET CARRYING VALUE OF REMAINING FLEET HAS BEEN REASSESSED
AND AN
ADDITIONAL IMPAIRMENT LOSS OF USD 6.5 MILLION HAS BEEN APPLIED
    * 2020 RESULT BEFORE TAX WILL BE A LOSS BETWEEN USD 5.0
MILLION -
USD 7.0 MILLION INCLUDING IMPAIRMENT LOSS OF USD 10.7 MILLION,
REVISED FROM A PROFIT OF USD 2.5 MILLION - USD 5.5 MILLION
    * GIVEN SOFTENING SECOND-HAND MARKET AN ADDITIONAL
IMPAIRMENT LOSS
OF USD 2.2 MILLION WILL BE RECOGNISED IN Q3

Source text for Eikon:  ID:nGNE5bqxVb 
Further company coverage:  NORDIC.CO 

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