Brief: Philly Shipyard Q3 EBITDA Turns To Loss Of $28.9 Million

Philly Shipyard ASA

06/11/2018 06:55

Nov 6 (Reuters) - Philly Shipyard ASA  PHLYS.OL :
    * OPERATING REVENUES AND OTHER INCOME FOR Q3 WERE USD 26.5 MILLION COMPARED TO USD 200.8
MILLION
IN Q3 2017
    * Q3 EBITDA OF NEGATIVE USD 28.9 MILLION COMPARED TO PROFIT USD 31.6 MILLION YEAR AGO
    * FORECASTS MATSON VESSELS TO BE A LOSS-MAKING PROJECT
    * EXPECTS THERE WILL BE NO MARGIN IN 2018 FROM THE MATSON PROJECT TO COVER S,G&A AND
OVERHEAD
COSTS NOT ALLOCATED TO THOSE SAME PROJECT
    * EXPECTS IT WILL SUFFER SIGNIFICANT LOSSES IN 2018 AND 2019

Source text for Eikon:  ID:nGNE2KXQkh 
Further company coverage:  PHLYS.OL 

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