Q1 17 was pretty much in line with expectations. The Dry cargo division had lower adjusted net losses while the Tankers division performed relatively well despite the tough market conditions. Q1 17 earnings. Revenue moved up to $440m (+49%) o/w $331m (+72%) in dry cargo and $109m (+5%) in tankers. EBITDA declined to $10.3m (vs $11.4m in Q1 16) due to the drop in the positive contribution from the Tankers division at $16.6m (vs $23.9m in Q1 16) which more than offset the reduced negative contr
04 May 2017
Slow recovery in dry cargo, honourable results in tankers
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Slow recovery in dry cargo, honourable results in tankers
D/S Norden A/S (DNORD:CSE) | 0 0 2.3% | Mkt Cap: 4,970m
- Published:
04 May 2017 -
Author:
Hélène Coumes -
Pages:
3
Q1 17 was pretty much in line with expectations. The Dry cargo division had lower adjusted net losses while the Tankers division performed relatively well despite the tough market conditions. Q1 17 earnings. Revenue moved up to $440m (+49%) o/w $331m (+72%) in dry cargo and $109m (+5%) in tankers. EBITDA declined to $10.3m (vs $11.4m in Q1 16) due to the drop in the positive contribution from the Tankers division at $16.6m (vs $23.9m in Q1 16) which more than offset the reduced negative contr