Euroseas Reports 2Q Results

Thursday, August 23, 2007
Euroseas Ltd. an owner and operator of drybulk and container carrier vessels and provider of seaborne transportation for drybulk and containerized cargoes, announced today its results for the second quarter and six month period ended June 30, 2007. Net income of $6.4 million or $0.35 per share calculated on 18,370,861 weighted average number of shares outstanding on total net revenues of $15.6 million. Earnings per share for the second quarter of 2007 do not include $0.03 per share of revenues attributable to amortization of the fair value of period charter contracts acquired that is usually included by security analysts in their published estimates of earnings per share. Adjusted EBITDA was $11.4 million. Please refer to a subsequent section of the Press Release for a reconciliation of adjusted EBITDA to net income. An average 10.08 vessels were operated during the second quarter 2007 earning an average time charter equivalent rate of $18,776 per day. Declared a quarterly dividend of $0.25 per share for the second quarter 2007 payable on August 24, 2007 to shareholders of record on August 15, 2007.
Maritime Reporter April 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

Royal Caribbean Cuts Profit Forecast

Royal Caribbean Cruises Ltd cut its adjusted profit forecast for the year, citing a jump in fuel prices since its January forecast and a strong dollar.   Shares

Baltic Index Up Slightly on Higher Rates for Large Vessels

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, rose slightly on Monday due to firmer rates for the large vessel segments.

ExxonMobil President Seeks Swift Action on US LNG Exports

The United States is at risk of losing economic opportunity and the ability to solidify its role as a global leader in energy production unless the government moves

 
 
Maritime Contracts Maritime Security Maritime Standards Naval Architecture Navigation Pod Propulsion Port Authority Ship Electronics Ship Repair Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1282 sec (8 req/sec)