Brief: Paragon Shipping Q1 adjusted loss per shr $0.35

Paragon Shipping

08/06/2015 12:30

June 8 (Reuters) - Paragon Shipping Inc  PRGN.O : 
 * Reports first quarter ended March 31, 2015 results 
 * Q1 adjusted loss per share $0.35 
 * Q1 loss per share $0.36 
 * Net revenue, net of voyage expenses, of $6.8 million in the first quarter of 
   2015 versus $10.2 million last year 
 * Says agreed with certain lenders to defer a portion of quarterly installments 
 * Agreed to postpone delivery of the three kamsarmax vessels currently under 
   construction until Q1 2016 
 * Says gross charter revenue for first quarter of 2015 was $10.7 million, 
   compared to $14.2 million for first quarter 2014 
 * For remaining kamsarmax newbuilding drybulk carrier, the company is currently 
   in discussions to secure debt financing 
 
 * Source text for Eikon  ID:nPn3cQ2HQ  
 
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