Brief: Philly Shipyard Q1 EBITDA Loss Widens To USD 5.8 Mln

Philly Shipyard ASA

05/05/2020 06:53

May 5 (Reuters) - Philly Shipyard ASA  PHLYS.OL :
    * Q1 EBITDA OF NEGATIVE USD 5.8 MILLION, COMPARED TO
NEGATIVE USD
1.5 MILLION IN THE SAME PERIOD IN 2019
    * Q1 OPERATING REVENUES AND OTHER INCOME USD 7.5 MILLION
VERSUS
USD  18.9 MILLION YEAR AGO
    * FIRST QUARTER 2020 NET INCOME OF USD 7.4 MILLION, COMPARED
TO
NET LOSS OF USD 3.4 MILLION IN THE SAME PERIOD IN 2019
    * AS THE COVID-19 VIRUS DEVELOPS ACROSS THE WORLD, PHILLY
SHIPYARD
HAS TAKEN MEASURES TO MITIGATE THE RISK FOR OPERATIONAL
DISRUPTIONS AND REDUCE RISK OF OUTBREAKS AND ITS CONSEQUENCES

Source text for Eikon:  ID:nGNE9wNGL3 
Further company coverage:  PHLYS.OL 

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