Q1 16 earnings Based on revenue of $296m (-35%, o/w -42% in dry cargo, -18% in tankers), EBITDA dropped to $11.4m (-76%) due to the negative contribution of the dry cargo division ($-12.5m vs $14m in Q1 15) and lower EBITDA from the tankers division at $23.9m (-28%). EBIT was slightly negative at $-1.3m (vs $30m in Q1 15) after depreciation costs of $13m (-23%). The reported net profit was $4.6m (vs $38.6m in Q1 15) after a positive change of $9.1m (vs $9.9m in Q1 15) in the fair value adjust ....