Navios Maritime Containers Inc. (NMCI) Reports Q2 Loss of $0.06

Navios Maritime Containers Inc. (NASDAQ: NMCI) reported Q2 EPS of ($0.06). Revenue for the quarter came in at $28.8 million.

Angeliki Frangou, Chairman and Chief Executive Officer, stated, "I am pleased with our results for the second quarter of 2020. The container trade was severely hurt by global quarantine in place for much of the second quarter of 2020. Yet, Navios Containers reported revenue of $28.8 million and EBITDA of $7.0 million for the second quarter of 2020."

Angeliki Frangou continued, "The timing of the recovery remains uncertain given the unique nature of the pandemic. Consumer demand has been understandably weak because of health and employment fears and general immobility arising from the pandemic. However, as people gradually return to a more normalized life, we expect that the economy will heal in the second half of 2020, with growth accelerating in 2021."

For earnings history and earnings-related data on Navios Maritime Containers Inc. (NMCI) click here.

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