Brief: Pangaea Logistics Solutions Posts Q3 EPS Of $0.19

Pangaea Logistics Solutions

07/11/2019 21:57

Nov 7 (Reuters) - Pangaea Logistics Solutions Ltd  PANL.O :
    * . REPORTS FINANCIAL RESULTS FOR THE QUARTER ENDED
SEPTEMBER 30,
2019
    * Q3 REVENUE $118.9 MILLION VERSUS $95.3 MILLION
    * Q3 EARNINGS PER SHARE $0.19
    * AT END OF QUARTER, PANGAEA HAD $36.7 MILLION IN CASH,
RESTRICTED
CASH AND CASH EQUIVALENTS
    * PANGAEA LOGISTICS SOLUTIONS - IN OCT. CO ENTERED AGREEMENT
TO
SELL 2001-BUILT VESSEL BULK JULIANA FOR A SALE PRICE OF $6.5
MILLION
    * IN OCT. CO ENTERED INTO AGREEMENT TO SELL 1996-BUILT
VESSEL BULK
PATRIOT FOR A SALE PRICE OF $4.5 MILLION
    * PANGAEA LOGISTICS SOLUTIONS - SALE OF 2 DEBT FREE VESSELS
TO
GENERATE CASH FLOW OF ABOUT $11 MILLION, RESULT IN BOOK LOSS ON
SALE OF ABOUT $8.6 MILLION IN Q4

Source text for Eikon:  ID:nPn1qrPDra 
Further company coverage:  PANL.O 

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