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 June 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

Kirby Reports Record Q2 2014

Record 2014 second quarter earnings per share of $1.31 compared with $1.11 in the 2013 second quarter, which included a $0.07 benefit due to the reduction of the United earnout liability.

UK Oil Imports Exceed Exports for First Time in 30 Years

Britain imported more oil products than it exported last year for the first time in 30 years, an official report shows, and analysts say the country is likely to

Transocean Prices Initial Public Offering

Transocean Partners LLC, a Marshall Islands limited liability company formed by Transocean Ltd., has announced  the pricing of its initial public offering of 17,

 
 
Maritime Contracts Maritime Standards Naval Architecture Pod Propulsion Port Authority Salvage Ship Electronics Ship Repair Ship Simulators Winch
rss | archive | history | articles | privacy | terms and conditions | 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: 0.1011 sec (10 req/sec)