American Shipping Company ASA : Second quarter 2016 results
August 16 2016 - 1:30AM
Lysaker, 16 August 2016, American Shipping Company
ASA announces results for the second quarter ending 30 June
2016
Highlights:
-
Increasing
normalized EBITDA of MUSD 25.1 for Q2 2016 vs. MUSD 24.3 in Q1 2015
(Normalized EBITDA: base bareboat revenue, plus profit share, plus
DPO, less SG&A)
-
Declared Q2
2016 dividend of USD 0.124 per share, which equates to an
annualized dividend yield of 15.9% based on the share price as of
15 August 2016.
-
Q2 dividend
is in line with previous guidance of 15% year on year dividend
growth for 2016
-
Backlog of
secured bareboat revenue of MUSD 358 with average weighted tenor of
4.1 years
The full report is attached, along with the Q2
presentation.
Company contacts:
Pål Magnussen, Chief Executive Officer
+47 24 13 00 04
Morten Bakke, Chief Financial Officer
+47 24 13 00 87
Leigh Jaros, Business Controller / Finance
Manager
+1 484 880 3741
This information is subject of the disclosure
requirements pursuant to section 5-12 of the Norwegian Securities
Trading Act.
AMSC Q2 presentation
AMSC Q2 report
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: American Shipping Company ASA via
Globenewswire
HUG#2035367
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