Brief: Philly Shipyard Q4 EBITDA Turns To Loss $3.4 Million

Philly Shipyard ASA

07/02/2019 07:17

Feb 7 (Reuters) - Philly Shipyard ASA  PHLYS.OL :
    * Q4 OPERATING REVENUE AND OTHER INCOME  $ 19.4  MILLION VERSUS $198.7 MILLION YEAR AGO
    * Q4 EBITDA LOSS $3.4 MILLION VERSUS PROFIT $39.3 MILLION YEAR AGO
    * VCM CONTRACT IS EXPECTED TO BE AWARDED EARLY THIS YEAR
    * NOT TO PAY ANY FURTHER ORDINARY OR EXTRAORDINARY DIVIDENDS AT THIS TIME
    * SHIPYARD CONTRACT IS EXPECTED TO BE AWARDED WITHIN Q2 2019
    * PURSUING OPPORTUNITIES FOR STEEL WORK AND REPAIR JOBS TO UTILIZE IDLE CAPACITY IN
FABRICATION
SHOPS AND DRY-DOCKS
    * INTENDS TO OFFER THE GOVERNMENT A NEW  COSTEFFECTIVE SOLUTION TO MEET THEIR SHIP PROGRAM
NEEDS
    * EXPECTS TO RECEIVE ITS LIQUIDATING DISTRIBUTION FROM PHILLY TANKERS IN Q1 2019
    * IN NEAR TERM, CO'S MAIN FOCUS IS PURSUIT OF OPPORTUNITY TO BUILD NATIONAL SECURITY
MULTIMISSION
VESSELS (NSMV)

Source text for Eikon:  ID:nGNE4ScpHw 
Further company coverage:  PHLYS.OL 

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